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

User GabrieleMartini
by
5.1k points

1 Answer

4 votes

Answer:

$209,532

Step-by-step 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

User Meika
by
5.2k points
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