Iris income statement- cost of goods sold 350 depreciation


Problem

Iris Income Statement

Cost of Goods Sold 350

Depreciation Expense 35

Interest Expense 20

Operating Expense (excluding depreciation) 115

Sales 590

What was Iris Inc.'s earnings before interest and taxes (EBIT)?

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Accounting Basics: Iris income statement- cost of goods sold 350 depreciation
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