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C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have? Sales $2,850.00 Costs 1,850.00 Depreciation 192.00 EBIT

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

Sales $2,850.00

Costs 1,850.00

Depreciation 192.00

EBIT $ 808.00

Interest expense 285.00

EBT $ 523.00

Taxes (35%) 183.05

Net income $ 339.95

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