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Smashed Pumpkins Company paid $224 in dividends and $645 in interest over the past year. The company increased retained earnings by $540 and had accounts
Smashed Pumpkins Company paid $224 in dividends and $645 in interest over the past year. The company increased retained earnings by $540 and had accounts payable of $726. Sales for the year were $16,650 and depreciation was $764. The tax rate was 21 percent. What was the company's EBIT?
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