Suppose a company had $11.2m in sales during the 2018 fiscal year. Its costs of sales during

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Suppose a company had $11.2m in sales during the 2018 fiscal year. Its costs of sales during FYear 2018 was $6.45m. And its selling, general, and administrative expenses were $1.45m.

What was the company's earnings before interest and taxes in millions of dollars?

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Modern Advanced Accounting in Canada

ISBN: 978-1259087554

8th edition

Authors: Hilton Murray, Herauf Darrell

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Posted Date: Apr 05, 2024 03:47 AM

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Suppose a company had $11.2m in sales during the 2018 fiscal year. Its costs of sales during

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To calculate the companys earnings before interest and taxes EBIT we can use the formula ... View the full answer

Modern Advanced Accounting in Canada

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