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An increase in interest expense will decrease which of the following profit measures. 1. gross profit; 2. operating profit (aka EBIT, earnings after taxes); 3.

An increase in interest expense will decrease which of the following profit measures. 1. gross profit; 2. operating profit (aka EBIT, earnings after taxes); 3. earnings after taxes, EAT (aka net income, NI)

Answers:	1 only
	2 only
	3 only
	1 and 2 only
	1, 2, and 3

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