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Question
Given the following financial statements for ARGON Corporation, what is the company's after-tax cash flow from operations?| Income Statement | Balance Sheet | |||||
| Year Ended 12/31/10 | 12/31/2010 | 12/31/2009 | ||||
| Sales | $1,300,000 | Current Assets | $50,000 | $45,000 | ||
| Cost of Goods Sold | 750,000 | Fixed Assets | 430,000 | 350,000 | ||
| Operating Expenses | 200,000 | Total Assets | $480,000 | $395,000 | ||
| Depreciation | 100,000 | |||||
| EBIT | 250,000 | Current Liabilities | $35,000 | $50,000 | ||
| Interest Expense | 50,000 | Long-term Debt | 330,000 | 270,000 | ||
| EBT | 200,000 | Common Stock | 5,000 | 5,000 | ||
| Taxes | 80,000 | Retained Earnings | 110,000 | 70,000 | ||
| Net Income | $120,000 | Total Liabilities & Equity | $480,000 | $395,000 | ||
A) $10,000
B) $270,000
C) $120,000
D) $295,000
Answer
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