A firm has sales of $2,800, depreciation of $200, earnings before interest and taxes (EBIT) of $900, and other operating expenses of $400. What is the gross profit?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
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General Accounting Question please answer do fast

A firm has sales of $2,800, depreciation of $200, earnings before
interest and taxes (EBIT) of $900, and other operating expenses
of $400. What is the gross profit?
Transcribed Image Text:A firm has sales of $2,800, depreciation of $200, earnings before interest and taxes (EBIT) of $900, and other operating expenses of $400. What is the gross profit?
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