EBIT is earnings before income taxes.

Income Taxes

Taxes imposed by the government on income generated by businesses and individuals within their jurisdiction.

EBIT

Earnings Before Interest and Taxes - a measure of a firm's profitability that excludes interest and income tax expenses.

Gain insight into the metrics for measuring operational effectiveness, including the significance of EBIT.

Verified Answer

Final Answer :

False

Explanation :

EBIT stands for Earnings Before Interest and Taxes, not just before income taxes.

Learning Objectives

Gain insight into the metrics for measuring operational effectiveness, including the significance of EBIT.