Smashed Pumpkins Co. paid $88 in dividends and $526 in interest over the past year. The company increased retained earni

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answerhappygod
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Smashed Pumpkins Co. paid $88 in dividends and $526 in interest over the past year. The company increased retained earni

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Smashed Pumpkins Co. paid $88 in dividends and $526 in interest
over the past year. The company increased retained earnings by $438
and had accounts payable of $522. Sales for the year were $16,055
and depreciation was $696. The tax rate was 38 percent. What was
the company's EBIT?
Multiple Choice
$1,645
$1,374
$1,232
$6,101
$848
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