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Given the following financial statements for ARGON Corporation, what is the companys aftertax cash flow from operations? Income statement Balance Sheet 12/31/10 12/31/10 12/31/09 Sales
Given the following financial statements for ARGON Corporation, what is the companys aftertax cash flow from operations?
Income statement | Balance | Sheet | |||||||
12/31/10 | 12/31/10 | 12/31/09 | |||||||
Sales | 1,300,000 | Current assets | 50,000 | 45,000 | |||||
COGS | 750,000 | Fixed assets | 430,000 | 350,000 | |||||
Operating expense | 200,000 | Total assets | 480,000 | 395,000 | |||||
Depreciation | 100,000 | ||||||||
EBIT | 250,000 | Current liabilities | 35,000 | 50,000 | |||||
Interest expense | 50,000 | Long-term debt | 330,000 | 270,000 | |||||
EBT | 200,000 | common stock | 5,000 | 5,000 | |||||
Taxes | 80,000 | Retained Earnings | 110,000 | 70,000 | |||||
Net income | 120,000 | Total liabilities & Equity | 480,000 | 395,000 |
Group of answer choices
270,000
10,000
120,000
295,000
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