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Calculate the ebit of a company

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Reference no: EM132998796

Problem 1: Calculate the EBIT of a company which has $1 million in sales; $450,000 in cost of goods sold; selling expenses of $75,000; general and administrative expenses of $100,000; interest expense of $100,000; and taxes of $100,000.

Group of answer choices

Option 1: $550,000

Option 2: $375,000

Option 3: $275,000

Option 4: $175,000

Reference no: EM132998796

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