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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 |
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