California Retailing Inc. has sales of $4,000,000; the firm’s cost of

California Retailing Inc. has sales of $4,000,000; the firm’s cost of goods sold is $2,500,000; and its
total operating expenses are $600,000. What is California Retailing’s EBIT?

A) $900,000 B) $1,300,000 C) $850,000 D) $875,000

 

 

ANSWER

A

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