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Use the financial statement data for Samsung, Inc. to compute the following: a. The tax shield b. NOPAT CRNOA The company's combined federal and state
Use the financial statement data for Samsung, Inc. to compute the following: a. The tax shield b. NOPAT CRNOA The company's combined federal and state statutory tax rate is 37.0%. Samsung, INC. AND SUBSIDIARIES Consolidated Statement of Income for February 1, 2018 (in thousands) Sales $23,114,263 Cost of goods sold and occupancy costs 17,081,978 Gross profit 6,032,285 Selling, general, and administrative 4,735,294 Restructuring charges 64,085 Amortization of intangibles 55,405 Total operating expenses 4,854,784 1,177,501 Operating income Other nonoperating income (expense): Interest income Interest expense 4,733 (119.429) 1,062,805 Income from continuing operations before income taxes Income tax expense Net income Loss from discontinued operations Net income attributed to Samsung, Inc. 355,801 707,004 (86,935) $ 620.069 2017 2018 Operating assets operating liabilities $8,500,000 $3,500,000 $10,000,000 $4,000,000 Calculate the following amounts a. Tax shield = b. NOPAT = C. Average Net operating assets =
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