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Smashed Pumpkins Co. paid $120 in dividends and $554 in interest over the past year. The company increased retained earnings by $462 and had accounts
Smashed Pumpkins Co. paid $120 in dividends and $554 in interest over the past year. The company increased retained earnings by $462 and had accounts payable of $570. Sales for the year were $16,195 and depreciation was $712. The tax rate was 40 percent. What was the company's EBIT? Multiple Choice O $1.795 O $1,324 $970 O $6.478
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