Question: Given the financial information shown below, what is the net operating profit after taxes for 2014? Income Statement 2014 2013 Net sales 1,590.00 1,500.00 Costs

Given the financial information shown below, what is the net operating profit after taxes for 2014?

Income Statement

2014

2013

Net sales

1,590.00

1,500.00

Costs except depreciation

1,200.00

1,140.00

Depreciation

90.00

75.00

Total operating costs

1,290.00

1,215.00

Earnings before interest and taxes

300.00

285.00

Interest expense

69.00

63.00

Earnings before taxes

231.00

222.00

Taxes (40%)

92.40

88.80

Net income

138.60

133.20

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