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Given the financial information shown below, what is the net operating profit after taxes for 2014? Income Statement 2014 2013 Net sales 1,590.00 1,500.00 Costs
Given the financial information shown below, what is the net operating profit after taxes for 2014?
Income Statement | 2014 | 2013 |
Net sales | 1,590.00 | 1,500.00 |
Costs except depreciation | 1,200.00 | 1,140.00 |
Depreciation | 90.00 | 75.00 |
Total operating costs | 1,290.00 | 1,215.00 |
Earnings before interest and taxes | 300.00 | 285.00 |
Interest expense | 69.00 | 63.00 |
Earnings before taxes | 231.00 | 222.00 |
Taxes (40%) | 92.40 | 88.80 |
Net income | 138.60 | 133.20 |
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