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LongGone Corp. had total operating expenses of $84 million last year, including depreciation, and paid $5.2 million in interest. The company also paid out $49
LongGone Corp. had total operating expenses of $84 million last year, including depreciation, and paid $5.2 million in interest.
The company also paid out $49 million in dividends, while the addition to retained earnings increased equity by 60%.
The average tax rate was 34% and the average interest rate on the company's debt was 8%. The payout ratio was 40%.
What was the profit margin?
What was equity at the end of the year, before the addition of retained earnings (in $ million)?
What was the equity multiplier?
The company also paid out $49 million in dividends, while the addition to retained earnings increased equity by 60%.
The average tax rate was 34% and the average interest rate on the company's debt was 8%. The payout ratio was 40%.
What was the profit margin?
What was equity at the end of the year, before the addition of retained earnings (in $ million)?
What was the equity multiplier?
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Profit Margin The profit margin is calculated by dividing the net income by the revenue In this case the net income is calculated by subtracting the t...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
