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Calculate the EBIT for a firm with $4 million total revenues, $3.5 million cost of goods sold, $100,000 depreciation expense, $200,000 selling, general and administrative

Calculate the EBIT for a firm with $4 million total revenues, $3.5 million cost of goods sold, $100,000 depreciation expense, $200,000 selling, general and administrative expenses, and $120,000 interest expense.

A. $200,000 B. $380,000 C. $0 D. ($120,000)

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Question

Calculate the EBIT for a firm with $4 million total revenues, $3.5 million cost of goods sold, $100,000 depreciation expense, $200,000 selling, general and administrative

Calculate the EBIT for a firm with $4 million total revenues, $3.5 million cost of goods sold, $100,000 depreciation expense, $200,000 selling, general and administrative expenses, and $120,000 interest expense. A. $200,000 B. $380,000 C. $0 D. ($120,000)

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Calculate the EBIT for a firm with $4 million total revenues, $3.5 million cost of goods sold, $100,000 depreciation expense, $200,000 selling, general and administrative expenses, and $120,000 interest expense.

A. $200,000 B. $380,000 C. $0 D. ($120,000)