Question

The revenue is​ $94,000, the cost of goods sold is​ $51,000, other expenses​ (from selling and​ administration) are​ $21,000, and depreciation is​ $12,000. What is the​ EBIT?

Answer 1

Answer:

$10,000

Explanation:

EBIT is earnings before interest and tax

EBIT = Revenue - cost of goods sold - other expenses - depreciation

$94,000 - $51,000 - $21,000 - $12,000 = $10,000