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At the end of 2020, XYZ company reported some financial data include: Sales revenue of $20,000, earnings before interest and tax of $10,000, total operating
At the end of 2020, XYZ company reported some financial data include: Sales revenue of $20,000, earnings before interest and tax of $10,000, total operating expenses of $4,000, interest expense of $2,000, and tax rate of 25%. There is no preferred stock issued. Therefore, the net profit of XYZ is:
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