Which of the following is the equation form of operating profit (EBIT)?
A) income − COGS
B) gross profit − operating expenses
C) liabilities + owner's equity
D) operating profit − other revenues and expenses
E) EBT − taxes

Question

Quizplus · Accepted Answer

Operating profit, or Earnings Before Interest and Taxes (EBIT), is calculated by subtracting operating expenses from gross profit.

Which of the Following Is the Equation Form of Operating