Question

Pendant Publishing recently reported $5,070,642 in sales, $4,528,000 in cost of goods sold, $319,988 in other...

Pendant Publishing recently reported $5,070,642 in sales, $4,528,000 in cost of goods sold, $319,988 in other operating expenses, and $18,900 in depreciation. It had an interest expense of $43,828 and its federal-plus-state income tax rate was 40%. What was Pendant Publishing s EBIT?

Answer Choices Below

Thank you! :)

$203,754

$222,654

$159,926

$95,956

$63,970

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