C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have? $$\begin{array} { l r }
\text { Sales } & \$ 2,850.00 \
\text { Costs } & 1,850.00 \
\text { Depreciation } & \underline{192.00 }\
\text { EBIT } & \$ 808.00 \
\text { Interest expense } & \underline { 285.00 } \
\text { EBT } & \$ 523.00 \
\text { Taxes (35\%) } & \underline { 183.05 } \
\text { Net income } & \underline{\$ 339.95}
\end{array}$$

Question

C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have? $$\begin{array} { l r } 
\text { Sales } & \$ 2,850.00 \
\text { Costs } & 1,850.00 \
\text { Depreciation } & \underline{192.00 }\
\text { EBIT } & \$ 808.00 \
\text { Interest expense } & \underline { 285.00 } \
\text { EBT } & \$ 523.00 \
\text { Taxes (35\%) } & \underline { 183.05 } \
\text { Net income } & \underline{\$ 339.95}
\end{array}$$

Quizplus · Accepted Answer

The Answer of C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have? $$\begin{array} { l r } 
\text { Sales } & \$ 2,850.00 \
\text { Costs } & 1,850.00 \
\text { Depreciation } & \underline{192.00 }\
\text { EBIT } & \$ 808.00 \
\text { Interest expense } & \underline { 285.00 } \
\text { EBT } & \$ 523.00 \
\text { Taxes (35\%) } & \underline { 183.05 } \
\text { Net income } & \underline{\$ 339.95}
\end{array}$$

C F Lee Inc A) $42778 B) $450

C F Lee Inc A) $42778
B) $450