Calculate operating income after tax

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Reference no: EM131953743

The following is the ACME, Inc.’s 2017 income statement (in thousands). Based on the reformulations presented in the course, calculate operating income after tax (OI). Assume AMCE has a marginal tax rate of 40 percent (federal & state). Show your work.

            Revenue                                                           $10,000

            Cost of goods sold                                             (5,000)

            SG&A expenses                                                (2,000)

            R&D expenses                                                      (500)

            Restructuring charges                                          (300)

            Realized gains on marketable securities                  100

            Interest income                                                       50

            Interest expense                                                  (400)

            Income tax expense                                              (700)

            Net Income                                                      $1,250                       

      Operating Income, (OI) after tax _______________________

Reference no: EM131953743

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