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Advantages of focusing on EBIT vs NI include: I. better gauge of profitability of core operations II. measures operating and financing decisions III. does not

Advantages of focusing on EBIT vs NI include:

I. better gauge of profitability of core operations

II. measures operating and financing decisions

III. does not include gains and losses related to secondary activities

IV. makes it easier to compare firms since it excludes the financing decision

Which of the following are true?

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