Question
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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Urban Public Finance
Authors: D. Wildasin
1st Edition
0415851882, 978-0415851886
