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Smashed Pumpkins Company paid $184 in dividends and $610 in interest over the past year....

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Finance

Smashed Pumpkins Company paid $184 in dividends and $610 in interest over the past year. The company increased retained earnings by $510 and had accounts payable of $666. Sales for the year were $16,475 and depreciation was $744. The tax rate was 21 percent. What was the company's EBIT? THE ANSWER IS = 1,488

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