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Sales = $260,000, cost of goods sold = $140,000, depreciation = $35,000, tax rate = 30%, taxable income is $21,000 higher than net income. What
Sales = $260,000, cost of goods sold = $140,000, depreciation = $35,000, tax rate = 30%, taxable income is $21,000 higher than net income. What is EBIT?
A. Below $17,000
B. Between $17,000 and $32,000
C.Between $32,000 and $47,000
D.Between $47,000 and $62,000
E.Between $62,000 and $77,000
F.Between $77,000 and $92,000
G.Between $92,000 and $117,000
H.Above $117,000
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