12000 Cash Cost of goods sold 90555 Short term debt Salesrev

12,000 Cash Cost of goods sold 90,555 Short term debt Sales(revenue) Building Long term debt Expenses Inventory Interest expense Equipment Accounts payable 122,000 Accounts receivable 36,000 Equity Marketable securities 150,000 100,000 241,055 175,000 120,000 73,555 37,955 6,000 32,733 35,000 As of December 31, 2012 what is earnings before interest and taxes (EBIT) for Peter\'s Cookies Select one O a. $76,945 O b. $67, 954 O c. $76,954 O d. $67,945

Solution

ANSWER

= 241055 (-) 90555 (-) 73555

= 76945

ie. Option (a)