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Kwok Enterprises Has the Following Income Statement ?
A) $630
B) $643
C) $605
D) $743
E)

Question 94

Multiple Choice

Kwok Enterprises has the following income statement.How much after-tax operating income does the firm have?  Sales $2,700 Costs 1,400 Depreciation 250 EB IT $1,050 Interest expense 70 EB T $980 Taxes (40%) 392 Net income $588\begin{array}{lr}\text { Sales } & \$ 2,700 \\\text { Costs } & 1,400 \\\text { Depreciation } & 250 \\\text { EB IT } & \$ 1,050 \\\text { Interest expense } & 70 \\\text { EB T } & \$ 980 \\\text { Taxes }(40 \%) & 392 \\\text { Net income } & \$ 588 \\\hline\end{array}
?


A) $630
B) $643
C) $605
D) $743
E) $504

Correct Answer:

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