Asked by Brandon Underhill on Jun 10, 2024
Verified
EBIT is a business's profit before consideration of financing charges.
Financing Charges
Costs associated with borrowing money, including interest, fees, and other charges.
EBIT
A financial metric representing a company's profit before deducting expenses for interest and income taxes.
- Acquire knowledge on the operational performance indicators including the role of EBIT.
Verified Answer
MB
Madeline BelfordJun 16, 2024
Final Answer :
True
Explanation :
EBIT stands for Earnings Before Interest and Taxes, which means it is the profit generated by a business before taking into consideration any financing charges (such as interest on debt) or taxes.
Learning Objectives
- Acquire knowledge on the operational performance indicators including the role of EBIT.
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