Series 7 - General Securities Representative Exam

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The formula "Net sales - cost of goods sold - operating expenses - depreciation" is

EBT
A
EBIT
B
EPS
C
EBITDA
D

Explanations

It is the formula for EBIT. EBT is EBIT - bond interest expense. EBITDA is earnings before interest, taxes, depreciation and amortization.

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