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Use the income statement reported by Marc Jacobs Inc. to answer the missing values identified in the reformulated income statement Amounts are in million. Marc
Use the income statement reported by Marc Jacobs Inc. to answer the missing values identified in the reformulated income statement Amounts are in million. Marc Jacobs' tax rate is 35%. $ Incore Statement Net Sales Operating expenses Restructuring charge Operating profit Gain an asset sales Interest expense Interest Income 26,148 (20,251) (120 5,677 2,131 (1,309) 999 7438 2448 4990 Provision for income taxes Net Income $ 26,148 20.351) 5,797 2,448 a Reformulated Income Statement Net Sales Operating expenses Orating income from sales chefent Tapes Tax reported Tax benefit of debt Tax on other operating Income Operating income from sales (ather tas) Oder operating income Gain on asset sales Restructuring charge Other operating income before tax Tax on other operating Income Operating income after tax Net financial expense Interest expense Interest income Net interest Expense Taxon net interest expense Net financial interest) experse Net Income 2.131 (120) B D 1.309 939 A 5 4.900 Question 6 (4 points) What is the missing value A, the tax benefit of debt (i.e., tax on net interest What is the missing value A, the tax benefit of debt (.e., tax on net interest expense)? $129.50 $458.15 $240.50 $328.65 Question 7 (4 points) What is the missing value B, tax on other operating income? $745.85 $703.85 $788.00 $873.65 Question 8 (4 points) What is the missing value C, operating income from sales (after tax)? $3,281.35 $3,923.35 $3,768.05 $3,910.85 Question 9 (4 points) What is the missing value D. operating income after tax? $5,110.50 $5,230.50 $5,360.00 $5,010.65
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