Calculate the EBIT for a Firm with $4 Million Total

question 62

Multiple Choice

Calculate the EBIT for a firm with $4 million total revenues,$3.5 million cost of goods sold,$500,000 depreciation expense,and $120,000 interest expense.

• A) $500,000
• B) $380,000
• C) $0
• D) ($120,000)

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