The stockholder's report includes ______

Finance Dec 23, 2020

The stockholder's report includes ______.
Select one:
a. a break-even sales report
b. an estimated interest cost report
c. an estimated dividend report
d. a statement of retained earnings

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Dolan Corporation has Gross Profit of $2.3 million, cost of sales of $1.7 million, operating expenses of $0.8 million, and "other" income of $0.5 million. What is its EBIT?
Select one:
a. $1 million
b. $0.6 million
c. $0.3 million
d. $2 million

Expert Solution

answer

1) d)a statement of retained earnings

2)answer= d)$2million

explanation

EBIT= gross profit - operating expenses+other income

= 2.3million - 0.8million+0.5million

=2million

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