C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have?
|
Sales |
$2,850.00 |
|
Costs |
1,850.00 |
|
Depreciation |
192.00 |
|
EBIT |
$808.00 |
|
Interest expense |
285.00 |
|
EBT |
$523.00 |
|
Taxes |
(35%183.00) |
|
Net income |
$339.95 |
a. $427.78
b. $450.29
c. $473.99
d. $498.94
e. $525.20