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Kwok Enterprises has the following income statement. How much after-tax operating income does the firm have? Sales $2,900 Costs 1,400 Depreciation 250 EBIT $1,250 Interest

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

    Sales $2,900
    Costs 1,400
    Depreciation 250
    EBIT $1,250
    Interest expense 70
    EBT $1,180
    Taxes (30%) 354
    Net income $826

    a.

    $354
    b.

    $895
    c.

    $875
    d.

    $915
    e.

    $825

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