Multiple Choice
A firm reports a net profit margin of 10% on sales of $3 million when ignoring the effects of financing.If taxes are $200,000, how much is EBIT (Operating Income) ? (Use the value in dollars)
A) $100,000
B) $300,000
C) $500,000
D) $800,000
Correct Answer:
Verified
Correct Answer:
Verified
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