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Kwok Enterprises has the following income statement. How much after-tax operating income does the firm have? Sales $2,600 Costs 1,400 Depreciation 250 EBIT $950 Interest

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

Sales	$2,600
Costs	1,400
Depreciation	250
EBIT	$950
Interest expense	70
EBT	$880
Taxes (40%)	352
Net income	$528

a. $456

b. $690

c. $467

d. $570

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