What are earnings after taxes

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Question - Use the following information to answer this question. A company with the tax rate of 50 percent has $25,000 of sales and earns 10 percent or $2,500 before taxes on these sales. Its total assets are $100,000, of which $25,000 are current assets and $75,000 are fixed assets. What are earnings after taxes?

a. $1,350

b. $1,250

c. $1,450

d. $1,550

e. $1,650

Reference no: EM133115496

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