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A firm has revenue of $100,000, the cost of goods sold is $46,000, other expenses (from selling and administration) are $28,000, interest expenses are $8,000
A firm has revenue of $100,000, the cost of goods sold is $46,000, other expenses (from selling and administration) are $28,000, interest expenses are $8,000 and depreciation is $10,000. What is the EBIT?
a. 16000
b. 8000
c. 26000
d. 54000
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