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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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