Question: 29
(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
B. $11,391,300
C. $13,275,030
D. $18,490.000
