Earnings before interest and tax (EBIT), rather than profit, is sometimes used as the numerator in the
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Earnings before interest and tax (EBIT), rather than profit, is sometimes used as the numerator in the return on asset ratio. Discuss the rationale for using EBIT rather than profit.
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The rationale for using EBIT rather than profit is that it is a ...View the full answer
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Related Book For 
Accounting Business Reporting For Decision Making
ISBN: 9780730363415
6th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver
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