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Consider the following income statement and answer the question below. 2 0 1 5 2 0 1 6 Revenue 5 0 0 0 0 5

Consider the following income statement and answer the question below.

2015

2016

Revenue

50000

52500

COGS

32000

SG&A

12000

EBIT

6000

Interest expense

1300

Income before tax

4700

Income taxes

1410

Earnings

3290

Forecast EBIT in

2016

using the percentage of sales method and choose the correct answer:

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