Calculate the EBIT for a firm with $4 million total revenues,$3.5 million cost of goods sold,$500,000 depreciation expense,and $120,000 interest expense.
A) $500,000
B) $380,000
C) $0
D) ($120,000)

Name: Calculate the EBIT for a firm with $4 million total revenues,$3.5 million cost of goods sold,$500,000 depreciation expense,and $120,000 interest expense. A) $500,000 B) $380,000 C) $0 D) ($120,000)
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Question

Quizplus · Accepted Answer

EBIT = $4,000,000 − 3,500,000 − 500,000 = $0

Calculate the EBIT for a Firm with $4 Million Total