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Smashed Pumpkins Company paid $232 in dividends and $652 in interest over the past year. The company increased retained earnings by $546 and had accounts
Smashed Pumpkins Company paid $232 in dividends and $652 in interest over the past year. The company increased retained earnings by $546 and had accounts payable of $738. Sales for the year were $16,685 and depreciation was $768. The tax rate was 24 percent. What was the company's EBIT?
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