GHI Corp. had $34,000,000 in revenues (sales), $11,500,000 in Costs of Goods Sold (COGS), $4,900,000 in...

GHI Corp. had $34,000,000 in revenues (sales), $11,500,000 in Costs of Goods Sold (COGS), $4,900,000 in SG&A expenses, $4,200,000 in depreciation expenses, $3,400,000 in interest expenses, and $2,100,000 in tax expenses. The firm had $36,200,000 in total assets, of which $24,500,000 was shareholder’s equity. The firm had 2,100,000 shares, and the price of the firm’s share was $36.45 each. What was the firm’s EBIT/Operating Income?

Expert Solution

Calculation of the GHI Corp. EBIT income

Sales	$ 34,000,000
Less -Cost of goods sold	$ 11,500,000
SG&A expenses	$ 4,900,000
Less-depreciation	$ 4,200,000
EBIT	$ 13,400,000

jeff jeffy answered 2 years ago

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