Your firm has the following income statement items: sales of $50,250,000; income tax of $1,744,000; operating expenses of $10,115,000; cost of goods sold of $35,025,000; and interest expense of $750,000. What is the amount of the firm's EBIT?
A) $15,552,000
B) $58,000,000
C) $5,110,000
D) $4,630,000
Answer: C
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