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C.F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have? Sales $2,600.00 Costs 1,800.00 Depreciation 200.00 EBIT $
C.F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have? Sales $2,600.00 Costs 1,800.00 Depreciation 200.00 EBIT $ 600.00 Interest expense 285.00 EBT $ 315.00 Taxes (25%) 78.75 Net income $ 236.25 O a $650.00 O b. $450.00 O c. $315.00 d. $600.00 e. $236.25
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