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Pendant Publishing recently reported $ 4,368,000 in sales, $3,752,400 in cost of goods sold, $358,672 in other operating expenses, and $18,900 in depreciation. It had
Pendant Publishing recently reported $ 4,368,000 in sales, $3,752,400 in cost of goods sold, $358,672 in other operating expenses, and $18,900 in depreciation. It had an interest expense of $43,828 and its federal-plus-state income tax rate was 40%. What was Pendant Publishing s EBIT? $142,817 $116,520 $256,928 $238,028 $194,200
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