Can you explain why the answer is 355 million?
Homework Answers
Net income = EBIT * (1 - Tax rate)
Net income = $450 million * (1 - 0.21)
Net income = $450 million * 0.79
Net income = $355 million
Add Answer to:
Can you explain why the answer is 355 million?
Use the information for the question(s) below....
Pelamed Pharmaceuticals has EBIT of $ 322 million in 2006. In addition, Pelamed has interest expenses of $ 125 million...
Pelamed Pharmaceuticals has EBIT of $ 322 million in 2006. In addition, Pelamed has interest expenses of $ 125 million and a corporate tax rate of 21 %. a. What is Pelamed's 2006 net income? b. What is the total of Pelamed's 2006 net income plus interest payments? c. If Pelamed had no interest expenses, what would its 2006 net income be? How does it compare to your answer in part(b)? d. What is the amount of Pelamed's interest tax...
Pelamed Pharmaceuticals had EBIT of $273 million in 2018. In addition, Pelamed had interest expenses of...
Pelamed Pharmaceuticals had EBIT of $273 million in 2018. In addition, Pelamed had interest expenses of $93 million and a corporate tax rate of 21%. a. What is Pelamed's 2018 net income? b. What is the total of Pelamed's 2018 net income plus interest payments? c. If Pelamed had no interest expenses, what would have been its 2018 net income? How does it compare to your answer in part (a)? d. What is the amount of Pelamed's interest tax shield...
Income Statement Talbot Enterprises recently reported an EBITDA of $7.0 million and net income of $1.75...
Income Statement Talbot Enterprises recently reported an EBITDA of $7.0 million and net income of $1.75 million. It had $2.8 million of interest expense, and its corporate tax rate was 30%. What was its charge for depreciation and amortization? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar. WORKED AS EBITDA - D&A = EBIT EBIT - INTEREST = EBT EBT - TAX = NET...
Please solve all Byron Books Inc. recently reported $18 million of net income. Its EBIT was...
Please solve all
Byron Books Inc. recently reported $18 million of net income. Its EBIT was $42.5 million, and its tax rate was 25%. What was its interest expense? (Hint: Write out the headings for an income statement, and then fill in the known values. Then divide $18 million of net income by (1 - T) -0.75 to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure to complete similar...
I am not sure if the above information is needed QUESTION: Miami Rivet had $12 million...
I am not sure if the above information is
needed
QUESTION: Miami Rivet had $12 million in net
plant and equipment the prior year. Its net operating working
capital has remained constant over time. What is the company’s free
cash flow (FCF) for the year that just ended? Note that capital
expenditures are equal to the change in net plant and equipment
plus the annual depreciation expense.
Last year Miami Rivet had $5 million in operating income (EBIT). Its depreciation...
Please explain and show work: (2-3) Molteni Motors Inc. recently reported $6 million of net income....
Please explain and show work: (2-3) Molteni Motors Inc. recently reported $6 million of net income. Its EBIT was $13 million, Income Statement and its tax rate was 40%. What was its interest expense? (Hint: Write out the headings for an income statement and then fill in the known values. Then divide $6 million net income by 1 T 0 6 to find the pre-tax income. The difference between EBIT and taxable income must be the interest expense. Use this procedure...
A. Molteni Motors Inc. recently reported $2.25 million of net income. Its EBIT was $5.25 million,...
A. Molteni Motors Inc. recently reported $2.25 million of net income. Its EBIT was $5.25 million, and its tax rate was 40%. What was its interest expense? (Hint: Write out the headings for an income statement and then fill in the known values. Then divide $2.25 million net income by 1 − T = 0.6 to find the pre-tax income. The difference between EBIT and taxable income must be the interest expense.) Round your answer to the nearest dollar. Enter...
Last year Cole Furnaces had $5 million in operating income (EBIT). The company had a net...
Last year Cole Furnaces had $5 million in operating income (EBIT). The company had a net depreciation expense of $1 million and an interest expense of $1 million; its corporate tax rate was 40%. The company has $14 million in operating current assets and $4 million in operating current liabilities; it has $15 million in net plant and equipment.. Assume that Cole’s only noncash item was depreciation. a. What was the company’s net income for the year? b. What was...
Please help. Thanks. 1. 2. Byron Books Inc. recently reported $15 million of net income. Its...
Please help. Thanks.
1.
2.
Byron Books Inc. recently reported $15 million of net income. Its EBIT was $35.7 million, and its tax rate was 25%. What was its interest expense? (Hint: Write out the headings for an income statement, and then fill in the known values. Then divide $15 million of net income by (1 - 1) = 0.75 to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure...
Na By the time this book is publishel Congress may have changed rates and/or other provisions...
Na By the time this book is publishel Congress may have changed rates and/or other provisions of current w. Work all problems on the assumption that the information in An investor recently purchased a corporate bond that yields 9%. The investor is equal risk currently yield 6. At what tax rate would an investor be indifferent between Molteni Motors Inc. recently reported $6 million of net income, Its EBIT was $13 million, What was the con Answers Are PROBLEMS the...
Pelamed Pharmaceuticals had EBIT of $273 million in 2018. In addition, Pelamed had interest expenses of $93 million and a corporate tax rate of 21%. a. What is Pelamed's 2018 net income? b. What is the total of Pelamed's 2018 net income plus interest payments? c. If Pelamed had no interest expenses, what would have been its 2018 net income? How does it compare to your answer in part (a)? d. What is the amount of Pelamed's interest tax shield...
Please solve all
Byron Books Inc. recently reported $18 million of net income. Its EBIT was $42.5 million, and its tax rate was 25%. What was its interest expense? (Hint: Write out the headings for an income statement, and then fill in the known values. Then divide $18 million of net income by (1 - T) -0.75 to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure to complete similar...
I am not sure if the above information is
needed
QUESTION: Miami Rivet had $12 million in net
plant and equipment the prior year. Its net operating working
capital has remained constant over time. What is the company’s free
cash flow (FCF) for the year that just ended? Note that capital
expenditures are equal to the change in net plant and equipment
plus the annual depreciation expense.
Last year Miami Rivet had $5 million in operating income (EBIT). Its depreciation...
Please help. Thanks.
1.
2.
Byron Books Inc. recently reported $15 million of net income. Its EBIT was $35.7 million, and its tax rate was 25%. What was its interest expense? (Hint: Write out the headings for an income statement, and then fill in the known values. Then divide $15 million of net income by (1 - 1) = 0.75 to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure...
Na By the time this book is publishel Congress may have changed rates and/or other provisions of current w. Work all problems on the assumption that the information in An investor recently purchased a corporate bond that yields 9%. The investor is equal risk currently yield 6. At what tax rate would an investor be indifferent between Molteni Motors Inc. recently reported $6 million of net income, Its EBIT was $13 million, What was the con Answers Are PROBLEMS the...
Most questions answered within 3 hours.
-
Effect of DCMU and sodium azide on Chlamydomonas? We did an
experiment where we had Chlamydomonas...
asked 26 minutes ago -
1a) According to the ideal gas law, _______________.
a. a gas has infinite volume at absolute...
asked 1 hour ago -
Oakdale Fashions, Inc. had $245,000 in 2018 taxable income.
Using the tax schedule in Table 2.3...
asked 2 hours ago -
The marketing class at CSUS had an average score of 150. An
educational analyst determined that...
asked 3 hours ago -
Justin Case has purchased a $250 000 home by putting 20 % down
and taking out...
asked 3 hours ago -
1. In a labor market, marginal cost for a firm is
____________.
a. recruiting cost
b....
asked 4 hours ago -
On January 1, 2019, ABC Company issued $60,000,000 of 20-year,
10.5% bonds when the market rate...
asked 4 hours ago -
39.4% of US homes continue to use a landline in addition to cell
phone service. 3...
asked 5 hours ago -
Starting with benzene, synthesize 1-phenyl-1-butyne.
Show intermediates and reagents.
asked 6 hours ago -
Create a 32-run crossed array design with six control factors
and two noise factors such that...
asked 7 hours ago -
A 500g sample of sand from source A has the following amounts
retained on each sieve....
asked 7 hours ago -
In
your own words, please explain the essay by John Keynes wrote "The
End of Laissez...
asked 7 hours ago