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    Exam 3: Financial Planning and Pro Forma Financial Statements
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    If Sales Increased by 12%, and EBIT Increased by 5
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If Sales Increased by 12%, and EBIT Increased by 5

Question 18

Question 18

Multiple Choice

If sales increased by 12%, and EBIT increased by 5%, which of the following is a possible reason?


A) Operating expenses increased
B) Liabilities increased
C) Shares were diluted
D) Income tax rates increased
E) Volumes sold decreased

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