Question
Consider the following income statement; Sales . . . . . . . . . . . . . . . . . . $558,400
Consider the following income statement;
Sales . . . . . . . . . . . . . . . . . . $558,400
Costs . . . . . . . . . . . . . . . . . . 346,800
Depreciation . . . . . . . . . . . . . . 94,500
EBIT . . . . . . . . . . . . . . . . . . . . . . . . ?
Taxes (35%) . . . . . . . . . . . . . . . . . .?
Net income . . . . . . . . . . . . . . . . . . ?
Fill in the missing numbers and then calculate the OCF. What is the depreciation tax shield?
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
