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Posted on Jun 27, 2024

This may sound dumb, but can you do the steps for this equation? I can't figure out how they got 297,500. I know it's basic

This may sound dumb, but can you do the steps for this equation? I can't figure out how they got 297,500. I know it's basic algebra but it's been a while. :)

EBIT / 175,000 = [EBIT - .05($1,700,000)] / 125,000

EBIT = $297,500

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