The revenue is $42,000,the cost of goods sold is $21,000,other expenses (from selling and administration)are $6,000,and depreciation is $2,000.What is the EBIT?

Question

Quizplus · Accepted Answer

EBIT (Earnings Before Interest and Taxes) is calculated by subtracting the cost of goods sold and other expenses (including depreciation) from the revenue. So, EBIT = $42,000 - $21,000 - $6,000 - $2,000 = $13,000.

The Revenue Is $42,000,the Cost of Goods Sold Is $21,000,other