Question: Question 5 (2.5 points) Using the financial statement data in the table below (all amounts are in dollars), what did UrbanPaces, LLC. (a retail store)

Question 5 (2.5 points) Using the financial statement data in the table below (all amounts are in dollars), what did UrbanPaces, LLC. (a retail store) report as Operating Profit (or. EBIT) on its 2019 income statement: Financial Statement Account Advertising Beginning of year inventory Depreciation End of year inventory General and administrative expenses Gross sales Interest expense Lease payments Management salaries Purchases Research and development Returns and allowances Taxes 2019 Data 7.400 29.500 12.300 32,000 14.800 246,200 2.500 9.800 44,300 54.200 9.800 4.900 24.600

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