A firm reported the following income statement (all figures are in thousands of dollars):   Net Sales 1,105 - operating costs 200 - depreciation & amortization 245 = Operating Income (EBIT) ? - interest 19 = Earnings Before Taxes (EBT) ? - taxes ? = Net Income ?       What is the amount of taxes the firm is charged, given that the tax rate is 25%? answer using one decimal figure.

Survey of Accounting (Accounting I)
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Author:Carl Warren
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Chapter1: The Role Of Accounting In Business
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Problem 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...
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A firm reported the following income statement (all figures are in thousands of dollars):

  Net Sales 1,105
- operating costs 200
- depreciation & amortization 245
= Operating Income (EBIT) ?
- interest 19
= Earnings Before Taxes (EBT) ?
- taxes ?
= Net Income ?
     

What is the amount of taxes the firm is charged, given that the tax rate is 25%?

answer using one decimal figure. 

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