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(8 points) Use the following income statement for Aegis Corp to compute the following. Assume ANOA was $3,788,402 average shareholders' equity was $2,400,287 a.
(8 points) Use the following income statement for Aegis Corp to compute the following. Assume ANOA was $3,788,402 average shareholders' equity was $2,400,287 a. Tax shield b. Taxes on operating profit c. Tax rate on operating profit d. NOPAT = 493,247 e. RNOA f. Non-operating ROE The company's statutory tax rate is 37%. 26 AEGIS CORP and Subsidiaries Consolidated Statement of Income For the year ended December 31, 2016 Net sales Cost of sales $6,700,892 3,206,800 Gross profit 3,494,092 Advertising and promotion expenses 750,600 Other selling and administrative expenses 1,960,560 Operating income 782,932 Interest expense 72,800 Interest (income) (1,404) Other nonoperating (income), net Income before income taxes Provision for income taxes Net income (2,662) 714,198 260,008 $ 454,190 7304
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