Question
Consider this information from Last Year (Y0) for (#5) through (#11): Sales 10,000,000 IBD 6,000,000 COGS 7,000,000 Book Equity 3,000,000 Overhead 1,800,000 Beta 1.2 Interest
Consider this information from Last Year (Y0) for (#5) through (#11):
Sales 10,000,000
IBD 6,000,000
COGS 7,000,000
Book Equity 3,000,000
Overhead 1,800,000
Beta 1.2
Interest Exp 300,000
ERP 7.8%
Tax (30%)
Risk free rate 4.0%
Number of common equity shares issued and outstanding: 100,000
No preferred stock, stock options, or warrants exist.
6. How much did they pay in tax last year, assuming none was deferred?
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Financial Accounting International Financial Reporting Standards Global Edition
Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison
11th Edition
9781292211145
