Calculate earnings before interest and taxes given the following information: net income = $415; interest paid = $85; taxes = $300; sales = $2,000

Name: Calculate earnings before interest and taxes given the following information: net income = $415; interest paid = $85; taxes = $300; sales = $2,000
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Question

Quizplus · Accepted Answer

Earnings Before Interest and Taxes (EBIT) can be calculated by adding net income, interest paid, and taxes. So, EBIT = $415 (net income) + $85 (interest paid) + $300 (taxes) = $800.

Calculate Earnings Before Interest and Taxes Given the Following Information