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Smashed Pumpkins Company paid $240 in dividends and $659 in interest over the past year. The company increased retained earnings by $552 and had accounts
Smashed Pumpkins Company paid $240 in dividends and $659 in interest over the past year. The company increased retained earnings by $552 and had accounts payable of $750. Sales for the year were $16,720 and depreciation was $772. The tax rate was 25 percent. What was the company's EBIT?
$1,715
$4,180
$1,056
$1,395
$1,986
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