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Consider the following income statement for Kroger Inc. (all figures in $ Millions) Year 2006 2005 2004 Total Sales 60,553 56,434 53,791 Cost of Goods
Consider the following income statement for Kroger Inc. (all figures in $ Millions)
Year | 2006 | 2005 | 2004 |
---|---|---|---|
Total Sales | 60,553 | 56,434 | 53,791 |
Cost of Goods Sold | 45,565 | 42,140 | 39,637 |
Selling, General & Admin Expenses | 11,688 | 12,191 | 11,575 |
Depreciation | 1265 | 1256 | 1209 |
Operating Income | 2035 | 847 | 1370 |
Other Income | 0 | 0 | 0 |
EBIT | 2035 | 847 | 1370 |
Interest Expense | 510 | 557 | 604 |
Earnings Before Tax | 1525 | 290 | 766 |
Taxes (35%) | 534 | 102 | 268 |
Net Income | 991 | 189 | 498 |
- The interest rate tax shield for Kroger in 2006 is:
- The interest rate taxe shield for Kroger in 2005 is:
- The income that would be available to equity holders in 2006 if Kroger was not levered is:
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