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C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have? Sales $ 3,350.00 Costs 1,700.00 Depreciation 164.00

C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have?

Sales $ 3,350.00
Costs 1,700.00
Depreciation 164.00
EBIT $ 1,486.00
Interest expense 285.00
EBT $ 1,201.00
Taxes (25%) 300.25
Net income $ 900.75
a. $1,114.50
b. $1,237.50
c. $1,201.00
d. $900.75
e. $1,278.50

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