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FAMA Enterprises has the following income statement. What is the after-tax operating income of the firm? Hint: After-tax operating income = EBIT (1 - Tax

FAMA Enterprises has the following income statement. What is the after-tax operating income of the firm?

Hint: After-tax operating income = EBIT (1 - Tax rate)

Sales

$2,250

Costs

1,400

Depreciation

250

EBIT

$ 600

Interest expense

70

EBT

$ 530

Taxes (40%)

212

Net income

$ 318

$360

$397

$342

$378

$325

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