Income statement in $ Sales COGS Gross profit 300000 Operating expenses 200000 EBIT Interest expenses 50000 EBT Taxes Net Income 800000 COGS = Consider the above income statement and answer the following questions: a. Calculate the value of the cost of goods sold (COGS). $ 20% Calculation details (recommended): EBIT = b. Calculate the value of the EBIT. $ Calculation details (recommended):

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