Question
Emery Inc. had the following data for 2010, in millions: Net income = $600; after-tax operating income [EBIT(1 - T)] = $700; and Total assets
Emery Inc. had the following data for 2010, in millions: Net income = $600; after-tax operating income [EBIT(1 - T)] = $700; and Total assets = $2,000. Information for 2011 is as follows: Net income = $825; after-tax operating income [EBIT(1 - T)] = $925; and Total assets = $2,500.
If you could give me a run down of the math to get the correct answer that would be great!
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The Handbook Of Municipal Bonds
Authors: Frank J. Fabozzi, Sylvan G. Feldstein
1st Edition
0470108754, 9780470108758
