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Question 4 (3 points) The XYZ Company has sales of $500,000, a gross profit margin of 40%, operating expenses (excluding depreciation) of $70,000, depreciation expense
Question 4 (3 points) The XYZ Company has sales of $500,000, a gross profit margin of 40%, operating expenses (excluding depreciation) of $70,000, depreciation expense of $30,000, interest expense of $40,000, taxes of $10,000 and dividends paid of $5,000. What is XYZ's earnings before interest and taxes (EBIT)? $200,000 $130,000 $100,000 $60,000 None of the answers listed above are within $1000 of the correct
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