From the following income statement (in millions), calculate operating income after tax, using both the top-down and

Question:

From the following income statement (in millions), calculate operating income after tax, using both the top-down and bottom-up methods. Use a tax rate of 37 percent.
Revenue ......... $ 6,450
Cost of goods sold ..... (3,870)
Operating expenses .... (1,843)
Interest expense ...... (135)
Income taxes ....... (181)
Net income ......... $ 421