Your company has the following items on the income statement: Sales of $25,000; Income tax of $2,500;
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Question:
Your company has the following items on the income statement:
Sales of $25,000;
Income tax of $2,500;
Operating expenses of $3,800;
Cost of goods sold of $13,000; and
Interest expense of $2,000.
What is the company's EBIT amount?
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