Question
C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have? Sales $ 3,200.00 Costs 1,850.00 Depreciation 192.00
C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have? Sales $ 3,200.00 Costs 1,850.00 Depreciation 192.00 EBIT $ 1,158.00 Interest expense 285.00 EBT $ 873.00 Taxes (25%) 218.25 Net income $ 654.75 a. $1,060.50 b. $873.00 c. $1,012.50 d. $868.50 e. $654.75
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
