2.   The following is the ACME, Inc.’s 2018 income statement (in thousands). Based on the reformulations presented in the course, calculate operating income after tax (OI). Assume AMCE has a marginal tax rate of 25 percent (federal & state). (6 points)

            Revenue                                                           $10,000

            Cost of goods sold                                               (6,000)

            SG&A expenses                                                   (1,800)

            Restructuring charges                                            (255)

            Equity share in subsidiary income                            100

            Realized gains on sale of marketable securities         75

            Interest income                                                         30

            Interest expense                                                    (225)

            Income tax expense                                               (600)

            Net Income                                                       $ 1,325