Question
Rao Construction recently reported $45.00 million of sales, $13.4 million of operating costs other than depreciation, and $5.00 million of depreciation. Its federal-plus-state income tax
Rao Construction recently reported $45.00 million of sales, $13.4 million of operating costs other than depreciation, and $5.00 million of depreciation. Its federal-plus-state income tax rate was 25%. What was Rao's net operating profit after tax (NOPAT)?
| $19.95 million | ||
| $23.70 million | ||
| $26.60 million | ||
| $31.60 million
|
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Commodity Trading Mistakes
Authors: Andrew Abraham
1st Edition
1492389366, 978-1492389361
