Peterson Corp. is a reinsurance and financial services company. Peterson strongly believes in evaluating the performance of its stand-alone divisions using financial metrics such as ROI and residual income. For the year ended December 31, 2020, Peterson's chief financial officer (CFO) received the following information about the performance of the property/casualty division: E (Click the icon to view the data.) For the purposes of divisional performance evaluation, Peterson defines investment as total assets and income as operating income (that is, income before interest and taxes). The firm pays a flat rate of 40% in taxes on its income. Read the requirements. Data Table Requirement 1. What was the net income after taxes of the property/casualty division? Net income after taxes of the property/casualty division is Sales revenues $ 925,000 208,000 1,300,000 Operating income Total assets Current liabilities Debt (interest rate: 7%) Common equity (book value) 350,000 450,000 480,000 Print Done