Teak Corp., an importer of teak from Thailand, reported a gross sales figure of...

P

Peter

New member
...$660 million for the 2009? Its reported cost of goods sold was $310 million. It depreciated its warehouse and trucks (the only depreciable assets it owned) to the amount of $55 million and it paid $40 million as interest on its outstanding debt. Excluding depreciation, its operating expenses were $115 million. What was Peak Teak’s EBIT?

a. $660,000,000
b. $350,000,000
c. $180,000,000
d. $140,000,000
 
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