Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ReliableTechnoligies INC is a US based multinational company with three branches. The presented numbers are in units and NOT in thousands. Table #1 Branch (currency)

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
ReliableTechnoligies INC is a US based multinational company with three branches. The presented numbers are in units and NOT in thousands. Table #1 Branch (currency) Pre-tax income in local currency Tax rate FX rate US ($) Australia (A$) 25% $56,000 A$210,000 C$220,000 30% Canada (C$) A$1.0912/$ C$1.1255/$ 35% 1 pts Using data from Table #1 compute after-tax net income in USD of the branch located in the USA. (Round your answer to the nearest dollar). Using data from Table #1 compute after-tax net income in USD of the branch located in Canada. (Round your answer to the nearest dollar) Using data from Table #1 and your answers to previous questions compute consolidated earnings (in USD) of the ReliableTechnoligies INC. (Round your answer to the nearest dollar) 1 pts Using data from Table #1 compute EPS (earnings per share) in USD of ReliableTechnologies Inc. if the company has 150,000 shares outstanding. (Round your answer to two decimals)

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

Business Accounting Volume 2

Authors: Frank Wood, Alan Sangster

6th Edition

0273039148, 9780273039143

More Books

Students also viewed these Accounting questions

Question

What obstacles interfere with eff ective listening?

Answered: 1 week ago