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what is Iris Inc's earnings before interest and taxes (EBIT)? Iris Income Statement Cost of Goods Sold 300 Depreciation Expense 35 Interest Expense 20 Operating

what is Iris Inc's earnings before interest and taxes (EBIT)?

Iris Income Statement

Cost of Goods Sold 300

Depreciation Expense 35

Interest Expense 20

Operating Expense (excluding depreciation) 115

Sales 740

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