Given the following statement of comprehensive income data, calculate revenue: Net Income = $2,500, EBIT = $4,000, Depreciation = $500, Operating expenses = $1,500.

Question

Quizplus · Accepted Answer

Revenue is calculated by adding EBIT and operating expenses. EBIT is $4,000 and operating expenses are $1,500, so revenue is $4,000 + $1,500 = $5,500. However, this calculation seems incorrect as it doesn't match any option. The correct calculation should consider that EBIT is revenue minus operating expenses and depreciation. Therefore, Revenue = EBIT + Operating Expenses + Depreciation = $4,000 + $1,500 + $500 = $6,000.

Given the Following Statement of Comprehensive Income Data, Calculate Revenue