Question
Your firm has the following income statement items: sales of $25000; income tax of $2,500; operating expenses of $3,800; cost of goods sold of $13,000;
Your firm has the following income statement items: sales of $25000; income tax of $2,500; operating expenses of $3,800; cost of goods sold of $13,000; and interest expense of $2,000. What is the amount of the firm's EBIT?
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Personal Finance
Authors: Jane King, Mary Carey
2nd Edition
0198748779, 9780198748779
