QUESTION 53 Use the following information to answer this question. A company with the tax rate of 50 percent has $25,000 of sales and earns 10 percent or $2,500 before taxes on these sales. Its total assets are $100,000, of which $25,000 are current assets and $75,000 are fixed assets. What are earnings after taxes? $1,350 $1,250 $1,450 $1,550 $1,650