Ask Question
24 January, 01:35

Kwok Enterprises has the following income statement. How much after-tax operating income does the firm have? Sales $2,050 Costs 1,400 Depreciation 250 EBIT $400 Interest expense 70 EBT $330 Taxes (25%) 82.50 Net income $247.50

+4
Answers (1)
  1. 24 January, 04:12
    0
    Sales 2,050

    Costs (1,400)

    Depreciation (250)

    EBIT 400

    Interest expense (70)

    Earnings before tax 330

    Tax @ 25% (82.50)

    After-tax operating income 247.50

    Explanation:

    The after-tax operating income equals sales minus costs minus depreciation minus interest expense minus tax.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Kwok Enterprises has the following income statement. How much after-tax operating income does the firm have? Sales $2,050 Costs 1,400 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers