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Nezid Corp. paid $168 in dividends and $596 in interest over the past year. The company increased retained earnings by $498 and had accounts payable
Nezid Corp. paid $168 in dividends and $596 in interest over the past year. The company increased retained earnings by $498 and had accounts payable of $642. Sales for the year were $16,405 and depreciation was $736. The tax rate was 35 percent. What was the company's EBIT?
Multiple Choice
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$1,025
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$5,742
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$1,362
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$1,892
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$1,621
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