MakaylaST2306 MakaylaST2306

15-03-2021
Business

contestada

True or False: Ignoring any "Other" operating income or operating expenses, EBIT can be found by subtracting SGA and Depreciation from the gross profit. True

Relax

Respuesta :

andromache andromache

18-03-2021

Answer:

True

Explanation:

As we know that

Earning before interest & taxes (EBIT) = Gross Profit - SGA (Selling, General and Administrative Expense) - Depreciation Expense

So the given statement is true

Hence, the same would be considered and relevant too

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