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Sales for the year were 16580 and depreciation was 756 the

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?

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Finance Basics: Sales for the year were 16580 and depreciation was 756 the

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