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A firm has $6,809 in Net Sales and Total Operating Expenses (cost of goods sold and other operating expenses) are $1,945. Depreciation Expense is $695.
A firm has $6,809 in Net Sales and Total Operating Expenses (cost of goods sold and other operating expenses) are $1,945. Depreciation Expense is $695. Interest expense is $353 and the firm has a tax rate of 11.4%. Calculate the firm's EBIT Be mindful of what information is required to calculate this variable. Your answer should be in dollars ($200 or 200 are both acceptable formats)
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