Question: Smashed Pumpkins Co . paid $ 2 0 8 in dividends and $ 6 3 1 in interest over the past year. The company increased

Smashed Pumpkins Co. paid $208 in dividends and $631 in interest over the
past year. The company increased retained earnings by $528 and had
accounts payable of $702. Sales for the year were $16,580 and depreciation
was $756. The tax rate was 40 percent. What was the company's EBIT?
Smashed Pumpkins Co. paid $208 in dividends and $631 in interest

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