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Smashed Pumpkins Co. paid $216 in dividends and $638 in interest over the past year. The company increased retained earnings by $534 and had accounts
Smashed Pumpkins Co. paid $216 in dividends and $638 in interest over the past year. The company increased retained earnings by $534 and had accounts payable of $714. Sales for the year were $16,615 and depreciation was $760. The tax rate was 35 percent. What was the company's EBIT?
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