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C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have? Sales $3,150.00 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 | $3,150.00 |
| Costs | 1,850.00 |
| Depreciation | 192.00 |
| EBIT | $1,108.00 |
| Interest expense | 285.00 |
| EBT | $823.00 |
| Taxes (35%) | 288.05 |
| Net income | $534.95 |
| a. | $583.36 | |
| b. | $835.43 | |
| c. | $900.25 | |
| d. | $720.20 | |
| e. | $821.03 |
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
7th Edition
0357442040, 978-0357442043
