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CFLee IncHas the Following Income Statement ?
A) $583

Question 45

Multiple Choice

C.F.Lee Inc.has the following income statement.How much after-tax operating income does the firm have?  Sales $3,150.00 Costs 1,850.00 Depreciation 192.00 EB IT $1,108.00 Interest expense 285.00 EB T $823.00 Taxes (35%)  288.05 Net income $534.95\begin{array}{lr}\text { Sales } & \$ 3,150.00 \\\text { Costs } & 1,850.00 \\\text { Depreciation } & 192.00 \\\text { EB IT } & \$ 1,108.00 \\\text { Interest expense } & 285.00 \\ \text { EB T } & \$ 823.00 \\\text { Taxes (35\%) } & 288.05 \\\text { Net income } & \$ 534.95 \\\hline\end{array}
?


A) $583.36
B) $900.25
C) $821.03
D) $720.20
E) $835.43

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