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?
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$203,754 |
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$222,654 |
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$159,926 |
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$95,956 |
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$63,970 |
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