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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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