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Smashed Pumpkins Company paid $200 in dividends and $624 in interest over the past year. The company increased retained earnings by $522 and had accounts
Smashed Pumpkins Company paid $200 in dividends and $624 in interest over the past year. The company increased retained earnings by $522 and had accounts payable of $690. Sales for the year were $16,545 and depreciation was $752. The tax rate was 25 percent. What was the company's EBIT?
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$1,320
$1,587
$1,858
$4,136
$963
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