EBIT\ net income\ Lost Inc. had sales of

$14

million, operating expenses of

$4.75

million, COGS of

$7.7

million, depreciation expense of

$3.75

million and interest expense of

$0.87

million. Calculate the firm's EBIT.

net income Lost Inc. had sales of $14 million, operating expenses of $4.75 million, COGS of $7.7 million, depreciation expense of and interest expense of $0.87 million. Calculate the firm's EBIT