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6. Use the following income statement for Mattel Inc. ($ thousands) to compute the following: a. Tax shield b. Taxes on operating profit c. Tax

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6. Use the following income statement for Mattel Inc. ($ thousands) to compute the following: a. Tax shield b. Taxes on operating profit c. Tax rate on operating profit The company's statutory tax rate is 37%. Mattel Inc. and Subsidiaries Consolidated Statement of Income For the year ended December 31, 2016 (in thousands) Net sales $5,456,650 Cost of sales 2,902,259 Gross profit 2,554,391 Advertising and promotion expenses 634,947 Other selling and administrative expenses 1,400,211 Operating income 519,233 Interest expense 95,118 Interest (income) (9,144) Other nonoperating (income), net 23,517 Income before income taxes 409,742 Provision for income taxes 91,720 Net income $ 318,022

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