How to calculate Earning Before Interest and Taxes (EBIT) using Consolidated Statements of Operations 2019 Revenue, net
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How to calculate Earning Before Interest and Taxes (EBIT) using Consolidated Statements of Operations
2019 | ||||||||
Revenue, net | $11,378,259 | |||||||
Operating charges | ||||||||
Salaries, wages, and benefits | 5,588,893 | |||||||
Other operating expenses | 2,723,911 | |||||||
Supplies expense | 1,251,346 | |||||||
Depreciation and amortization | 490,392 | |||||||
Lease and rental expense | 107,809 | |||||||
Total operating charges | 10,162,351 | |||||||
Income from operations | 1,215,908 | |||||||
Interest expense, net | 162,733 | |||||||
Other (income) expense, net | (13,162) | |||||||
Income before income taxes | 1,066,337 | |||||||
Provision for income taxes | 238,794 | |||||||
Net income | $827,543 | |||||||
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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