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11) C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have? Sales $3,200.00 Costs 1,850.00 Depreciation 192.00
11)
C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have?
| Sales | $3,200.00 |
| Costs | 1,850.00 |
| Depreciation | 192.00 |
| EBIT | $1,158.00 |
| Interest expense | 285.00 |
| EBT | $873.00 |
| Taxes (25%) | 218.25 |
| Net income | $654.75 |
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Survey of Accounting
Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair, Bor
4th edition
77862376, 978-0077862374
