Kizspy | Question: 27 (Choose 1 answer)
Arco Steel, Inc. generated total sales of $45,565,200 during fiscal 2022. Depreciation and amortization for the year totaled $2,278,260, and cost of goods sold was $27,339, 120. Interest expense for the year was $9,641,300 and selling, general, and administrative expenses totaled $4,556,520 for the year. What is Arco's EBIT for 2022?
A. $9,641,300
Β. $11,391,300
C. $13,275,030
D. $18,490,000
