Kwok Enterprises has the following income statement. How much after-tax operating income does the firm have?
|
Sales |
$2,250 |
|
Costs |
1,400 |
|
Depreciation |
250 |
|
EBIT |
$600 |
|
Interest expense |
70 |
|
EBT |
$530 |
|
Taxes |
(40%) 212 |
|
Net Income |
$318 |
a. $325
b. $342
c. $360
d. $378
e. $397