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borteleto borteleto
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5 years ago
Given the following financial statements for ARGON Corporation, what is the company's after-tax cash flow from operations?

Income StatementBalance Sheet
Year Ended 12/31/1012/31/201012/31/2009
Sales$1,300,000Current Assets$50,000$45,000
Cost of Goods Sold750,000Fixed Assets430,000350,000
Operating Expenses200,000Total Assets$480,000$395,000
Depreciation100,000
EBIT250,000Current Liabilities$35,000$50,000
Interest Expense50,000Long-term Debt330,000270,000
EBT200,000Common Stock5,0005,000
Taxes80,000Retained Earnings110,00070,000
Net Income$120,000Total Liabilities & Equity$480,000$395,000

A) $10,000
B) $270,000
C) $120,000
D) $295,000
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
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guzmanguzman
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