Question
1. Electric Company had EBIT of $267277185 in 2019. In addition, the company had interest expenses of $164225018 and a corporate tax rate of 32.95%.
1. Electric Company had EBIT of $267277185 in 2019. In addition, the company had interest expenses of $164225018 and a corporate tax rate of 32.95%.
If the company had no interest expenses, what would its 2019 net income have been?
2. Electric Company had EBIT of $389350537 in 2019. In addition, the company had interest expenses of $182360128 and a corporate tax rate of 42.45%.
What was the amount of Company's interest tax shield in 2019?
3. Electric Company had EBIT of $422595758 in 2019. In addition, the company had interest expenses of $150213555 and a corporate tax rate of 39.99%.
What was the company's net income?
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Finance And Financial Markets
Authors: Keith Pilbeam
3rd Edition
023023321X, 978-0230233218
