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Kwok Enterprises has the following income statement. How much after-tax operating income does the firm have? Sales $2,150.00 Costs 1,400.00 Depreciation 250.00 EBIT $500.00 Interest

Kwok Enterprises has the following income statement. How much after-tax operating income does the firm have?

Sales $2,150.00

Costs 1,400.00

Depreciation 250.00

EBIT $500.00

Interest expense 70.00

EBT $430.00

Taxes (25%) 107.50

Net income $322.50

a. $625.00
b. $322.50
c. $430.00
d. $375.00
e. $562.50

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