Calculate the EBIT (Operating income) for a firm with

$4

million total revenues,

$3.5

million cost of goods sold,

$500,000

depreciation expense, and

$120,000

Interest expense.\ Multiple Choice\

$500,000

\

$380,000

\

$0

\

($120,000)

Calculate the EBIT (Operating income) for a firm with $4 million total revenues, $3.5 million cost of goods sold, $500,000 depreciation expense, and $120,000 Interest expense. Multiple Choice $500,000 $380,000 $0 ($120,000)