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ABC is a publicly traded company listed on NASDAQ. In ABC's 10-Q and 10-K public statements, ABC disclosed that it recorded a $100 mil, pre-

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ABC is a publicly traded company listed on NASDAQ. In ABC's 10-Q and 10-K public statements, ABC disclosed that it recorded a $100 mil, pre- tax inventory write-off due to fire in the company's warehouse in 2015:02; it realized a $50 mil. pre-tax gain ('other income") on the sale of a non- core business in 2014:03; it additionally realized a $40 mill. pre-tax gain ("other income") on the sale of a non-core business and $20 mil. pre-tax restructuring costs in connection with a downsizing strategy in 2014:04. ABC company produced the following reported year-to-date YTD) income statements during 2014-2015 period. Reported YTD Income Statement 2014:03 2014:04 2015:03 Sales 3,500 4100 3600 COGS 2,200 2925 3000 Other Income 50 90 0 + SG&A 675 700 120 Restructuring Chargo 0 20 0 EBIT 675 545 480 Interest Expense 75 102 73 Pre-tax Income 600 443 407 Income Tax (38%) 228 168.34 154.66 Net Income 372 275 252 Q1. What is ABC's LTM EBIT adjusted for non-recurring events given the information above? A. 480 B.380 O C.350 OD 430

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