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Smashed Pumpkins Co. paid $96 in dividends and $533 in interest over the past year. The company increased retained earnings by $444 and had accounts
Smashed Pumpkins Co. paid $96 in dividends and $533 in interest over the past year. The company increased retained earnings by $444 and had accounts payable of $534. Sales for the year were $16,090 and depreciation was $700. The tax rate was 40 percent. What was the company's EBIT?
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