Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

I cannot get the correct EBT before taxes. Isn't that 14706.88 or 14706.89? Problem 1-13 (book/static) Question Help Americo Industries' Consolidate Earnings. Americo is a

image text in transcribedI cannot get the correct EBT before taxes. Isn't that 14706.88 or 14706.89?

Problem 1-13 (book/static) Question Help Americo Industries' Consolidate Earnings. Americo is a U.S.-based multinational manufacturing firm with wholly-owned subsidiaries in Brazil, Germany, and China, in addition to domestic operations in the United States. Americo is traded on the NASDAQ. Americo currently has 650,000 shares outstanding. The basic operating characteristics of the various business units are as follows: (Click on the icon to import the table into a spreadsheet.) Brazilian Germarn Chinese Business PerformanceU.S. Parent (000s) Earnings before taxes (EBT) Corporate income tax rate Subsidiary R$6,250 25% Subsidiary 4,500 40% Subsidiary Y2,500 30% (US$) $4,500 35% Business Performance (000s) Earnings before taxes (local currency) Less corporate income taxes U.S. Parent Company 14706.88 5104.66 Enter any number in the edit fields and then click Check Answer. 2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions