Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pelamed Pharmaceuticals had EBIT of $461 million in 2018. In addition, Pelamed had interest expenses of $133.93 million and a corporate tax rate of 22%

image text in transcribed
Pelamed Pharmaceuticals had EBIT of $461 million in 2018. In addition, Pelamed had interest expenses of $133.93 million and a corporate tax rate of 22% a. What is Pelamed's 2018 net income? b. What is the total of Pelamed's 2018 net income plus interest payments? c. If Pelamed had no interest expenses, what would have been its 2018 net income? How does it compare to your answer in part (a)? d. What is the amount of Pelameds interest tax shield in 2018? a. What is Pelamed's 2018 net income? The 2018 net income is $ miltion. (Round to the nearest integer.) b. What is the total of Pelamed's 2018 net income plus interest payments? The totat of Petarned's 2018 net income plus interest payments is $389 mision. (Round to the nearest integer.) c. If Pelamed had no interest expenses, what would have been iss 2018 not income? How does it compare to your answer in part (a)? The 2018 net income with no interest expense would be $ million. (Round to the nearest integer.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Energy And Finance Sustainability In The Energy Industry

Authors: André Dorsman, Özgür Arslan-Ayaydin, Mehmet Baha Karan

1st Edition

3319322664, 978-3319322667

More Books

Students also viewed these Finance questions

Question

3. Identify cultural universals in nonverbal communication.

Answered: 1 week ago