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Company Inc. paid $200 in dividends and $600 in interest over the past year. The firm increased retained earnings by $500 and had accounts payable
Company Inc. paid $200 in dividends and $600 in interest over the past year. The firm increased retained earnings by $500 and had accounts payable of $700. Sales for the year were $17,000 and depreciation was $800. The tax rate was 21 percent. What was the company's EBIT?
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