QUESTION 6 8 points Save Answer The income statement for the Clothing Division of Tom Ron Surf Company is as follows: Sales $445,000 Operating expenses 270,000 Net operating income 175,000 Interest expense 35,000 Earnings before taxes 140,000 Income tax expense (30%) 42,000 Net income $ 98,000 How much is net operating profit after taxes? $108,500 $133,000 $73,500 $122,500 QUESTION 7 8 points Save Answer The Jersey Division of Yankee Products has invested capital of $1,400,000. This division incurred $80,000 in interest expense and $140,000 in income tax expense. If this division reported a return on investment of 14 percent, how much is net operating profit after taxes? $416,000 $196,000 $116,000 $276,000