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Lindley Textiles recently reported $15,421 of sales, $7,000 of operating costs other than depreciation, and...

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Lindley Textiles recently reported $15,421 of sales, $7,000 of operating costs other than depreciation, and $800 of depreciation. The company had no amortization charges and no non- operating income. It had $8,000 of bonds outstanding that carry a 7.0% interest rate, and its federal- plus-state income tax rate was 30%. How much was Lindley's operating income, or EBIT

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