Kasus 03 You are trying to estimate the adjusted earnings for a firm named AceTech, a biotechnology firm. The firm reported $80 million in earning before interest and taxes, capital expenditures of $30 million, and depreciation of $20 million in the most recent year. The amortization of research asset is $30 million The firm had R&D expenses of $50 million in the most recent year. You believe that a three-year amortizable life is appropriate for this fir and the R&D expenses for the past three years have amounted to $20 million, $30 million, and $40 million respectively. If the firm has no working capital requirements and a tax rate of 40%, estimate the following questions: on Which one is correct for the amortization of research expenses 2 of Select one: O a $ 30 million O b. $ 35 million O c. $ 25 million O d. $ 40 million O e. $ 50 million lon Estimate the adjusted operating income autor Select one O a 5 58 million Ob $ 10 million OC. $ 68 million O d. 48 million in million Augnment boce Sandy Assignme.doc e an Estimate the after tax operating earnings. Select one: O a. $ 32 million at of O b. - $ 32 million O c. - $ 48 million O d. $ 48 million O e. none of the above cion Please define risk! but of Select one: O a. loss O b. uncertainty O c. bad outcome O d. none of the answers lous page Kasus 03 You are trying to estimate the adjusted earnings for a firm named AceTech, a biotechnology firm. The firm reported $80 million in earning before interest and taxes, capital expenditures of $30 million, and depreciation of $20 million in the most recent year. The amortization of research asset is $30 million The firm had R&D expenses of $50 million in the most recent year. You believe that a three-year amortizable life is appropriate for this fir and the R&D expenses for the past three years have amounted to $20 million, $30 million, and $40 million respectively. If the firm has no working capital requirements and a tax rate of 40%, estimate the following questions: on Which one is correct for the amortization of research expenses 2 of Select one: O a $ 30 million O b. $ 35 million O c. $ 25 million O d. $ 40 million O e. $ 50 million lon Estimate the adjusted operating income autor Select one O a 5 58 million Ob $ 10 million OC. $ 68 million O d. 48 million in million Augnment boce Sandy Assignme.doc e an Estimate the after tax operating earnings. Select one: O a. $ 32 million at of O b. - $ 32 million O c. - $ 48 million O d. $ 48 million O e. none of the above cion Please define risk! but of Select one: O a. loss O b. uncertainty O c. bad outcome O d. none of the answers lous page
