Baldwin's ebit (earnings before interest and taxes) last year was $21,771,033. what was baldwin's net profit?

Business

1 answer:

Ganezh [65]1 year ago

3 0

Baldwin's EBIT (earnings before interest and taxes) last year was $21,771,033. $223,085 was Baldwin's net profit.

Earnings before interest and taxes (EBIT) is a measure of a company's profitability. EBIT can be calculated as revenue minus expenses, excluding taxes and interest. EBIT is also known as operating profit, operating profit, and profit before interest and tax.

Earnings before interest and taxes (EBIT) and earnings before interest, taxes, depreciation, and amortization (EBITDA) are very similar profitability measures. However, EBITDA adds depreciation, while EBIT does not. Both formulas start with net income, plus interest and taxes.

Operating profit is an important figure that managers should pay attention to because it reflects the income and expenses that they can control. Operating profit and EBIT (earnings before interest and tax) are the same.

Learn more about EBIT here

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