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EBIT stands for?
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Answer / saranyaaravind
Statement of Income — Example
(figures in millions)
Operating Revenue
Sales Revenue $20,438
Operating Expenses
Cost of goods sold $7,943
Selling, general and administrative expenses $8,172
Depreciation and amortization $960
Other expenses $138
Total operating expenses $17,213
Operating income $3,225
Non-operating income $130
Earnings before Interest and Taxes (EBIT) $3,355
Net interest expense/income $145
Earnings before income taxes $3,210
Income taxes $1,027
Net Income $2,183
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