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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

  • $1,025

  • $5,742

  • $1,362

  • $1,892

  • $1,621

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