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Accounts in Millions of USD. ITEM 2 0 2 0 Accounts Receivable 2 , 0 0 0 Accounts Payable 4 0 0 Expense Accruals 6

Accounts in Millions of USD.
ITEM
2020
Accounts Receivable
2,000
Accounts Payable
400
Expense Accruals
600
Accumulated Depreciation
2,000
Cash
1,000
Cost of Goods Sold (COGS)
4,000
Depreciation Expense
500
Interest Expense
700
Inventory
4,000
Long Term Debt
3,000
Operating Expenses
700
Net Fixed Assets
5,000
Notes Payable
200
Sales
9,000
Tax rate 30%
What was the earnings before interest and tax (EBIT)?
Accounts in Millions of USD.
ITEM
2020
Accounts Receivable
2,000
Accounts Payable
400
Expense Accruals
600
Accumulated Depreciation
2,000
Cash
1,000
Cost of Goods Sold (COGS)
4,000
Depreciation Expense
500
Interest Expense
700
Inventory
4,000
Long Term Debt
3,000
Operating Expenses
700
Net Fixed Assets
5,000
Notes Payable
200
Sales
9,000
Tax rate 30%
What was the earnings before interest and tax (EBIT)?

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