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) $270,000 B) $120,000 C) $295,000 D) $10,000
A
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