Question: 1. value: 2.50 points Income Statement Items You have the following data (in millions): Sales $50, Interest Expense $6, Cost of Goods Sold = $21,

1. value: 2.50 points Income Statement Items You have the following

data (in millions): Sales $50, Interest Expense $6, Cost of Goods Sold

= $21, Depreciation Expense-$1, Selling, General and Administrative Expenses-$2. Taxes-$5. The flrm's

EBIT is million and Net Income is million. O $27: $15 O

$26; $15 $47: $20 O $29; $20

1. value: 2.50 points Income Statement Items You have the following data (in millions): Sales $50, Interest Expense $6, Cost of Goods Sold = $21, Depreciation Expense-$1, Selling, General and Administrative Expenses-$2. Taxes-$5. The flrm's EBIT is million and Net Income is million. O $27: $15 O $26; $15 $47: $20 O $29; $20

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