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3 years ago

You have the following income statement data:

Business

1 answer:

Bad White [126]3 years ago

8 0

Answer:

$295

Explanation:

The computation of the earnings before interest and taxes (EBIT) is shown below:

= Sales - costs of goods sold - depreciation expense

= $900 - $485 - $120

= $295

Simply we deduct the costs of goods sold and the depreciation expense from the sales amount so that the accurate amount can be calculated

All other information which is given is not relevant. Hence, ignored it

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The question is incomplete. The complete Question is,

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This answer is for the question above. Change the values and use the same formula if the values differ

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