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Hi, I try to find pre tax and effective tax rate. Here is the formula they give us and I plug the number in. However,
Hi, I try to find pre tax and effective tax rate. Here is the formula they give us and I plug the number in. However, I don't know how to find pretax income and effective tax rate. Last time, the pre tax was given in the financial statement as income before income tax expense, but there was none this time. So I have to cacluate. They dont' give us the tax rate. Could you help me, please?
Sales | 1,731,894 | |
Cost of sales | (296,820) | |
Gross profit | 1,435,074 | |
R&D expenses | (690,592) | |
Marketing expenses | (339,274) | |
Administrative and IT expenses | (144,649) | |
Operating income from continuing operations | 260,559 | |
Goodwill depreciation | 0 | |
Other non-current operating income and expenses | (38,242) | |
Operating income | 222,317 | |
Interest on borrowings | (17,732) | |
Income from cash | 1,823 | |
Net borrowing cost | (15,909) | |
Result from foreign-exchange operations | (5,747) | |
Other financial expenses | (56) | |
Other financial income | 8,312 | |
Net financial income | (13,400) | |
Share in profit of associates | (224) | |
Total income tax | (69,241) | |
Income for the period | 139,452 |
Computation of the effective tax rate | ||
Total income tax | (69,241) | |
Income tax adjustment( earning quality issue) | 0 | |
Adjusted income tax | (69,241) | |
pretax income( I try to find by revenue-expense, but it dosen't seem right) | 1,693,652 | |
Effective income tax ( Again, I try to find it by 69,241/1693,652) | 4% |
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