Question

Consider the following income statement: Sales $ 1,040,136 Costs 676,704 Depreciation 153,900 Taxes 22 % Calculate the EBIT.

Answer 1

Answer:

$209,532

Explanation:

EBIT is calculated as seen below;

EBIT = Sales - costs - depreciation

Sales. $1,040,136

Less:costs ($676,704)

Less:depreciation ($153,900)

EBIT. $209,532