In a trade acceptance, the drawer is ordered to pay a specified sum of money to the drawee

Given the following financial statements for ARGON Corporation, what is the company's after-tax

cash flow from operations? Income Statement Balance Sheet Year Ended 12/31/10 12/31/2010 12/31/2009 Sales $1,300,000 Current Assets $50,000 $45,000 Cost of Goods Sold 750,000 Fixed Assets 430,000 350,000 Operating Expenses 200,000 Total Assets $480,000 $395,000 Depreciation 100,000 EBIT 250,000 Current Liabilities $35,000 $50,000 Interest Expense 50,000 Long-term Debt 330,000 270,000 EBT 200,000 Common Stock 5,000 5,000 Taxes 80,000 Retained Earnings 110,000 70,000 Net Income $120,000 Total Liabilities & Equity $480,000 $395,000 A) $270,000 B) $120,000 C) $295,000 D) $10,000

The AFL and CIO merged in 1955

Indicate whether the statement is true or false