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Using AT&T's 2016 10k report, calculate the cost of short term debt for 2016. The effective tax rate for 2016 was 32.7%. From my understanding,
Using AT&T's 2016 10k report, calculate the cost of short term debt for 2016. The effective tax rate for 2016 was 32.7%. From my understanding, if interest expense is not given for short term debt and it is given for total debt, then we calculate the cost of total debt instead. I need the cost of short term debt though. Is this possible to calculate cost of short term debt with the numbers given on the 10k report. Please show work and where numbers came from.
Selected Financial and Operating Data Dollars in millions except per share amounts At December 31 and for the year ended: Financial Data Operating revenues Operating expenses Operating income Interest expense Equity in net income of affiliates Other income (expense) - net Income tax expense Net Income 2015 2014 2013 2012 $163,786 $139,439 $146,801 $122,016 $ 24,785 4,120 $132,447 $120,235 $ 12,212 $128,752 $127,434 $114,380 $ 30,752 $ 4,910 $277 $ 6,479 $ 13,333 $(52) 1,581 596 $ 7,005 S 13,687 $ 2,922 $ 6,736 $ 18,722 Less: Net Income Attributable to Noncontrolling Interest Net Income Attributable to AT&T $ 12,976 S 13,345 $ 18,418 $ 7,299 Earnings Per Common Share: Net Income Attributable to AT&T Earnings Per Common Share - Assuming Dilution: Net Income Attributable to AT&T Cash and cash equivalents Total assets Long-term debt Total debt Capital expenditures Dividends declared per common share Book value per common share Ratio of earnings to fixed charges $ 5,788 $403,821 $113,68:1 $123,513 S 22,408 5,121 $402,672 $118,515 $126,151 $ 20,015 $ 8,603 $296,834 $ 75,778 $ 81,834 21,433 3,339 $281,423 $ 69,091 $ 74,589 $ 21,228 $275,834 $ 66,152 $ 69,638 S 19,728 Weighted-average common shares outstanding (000,000) Weighted-average common shares outstanding 6,168 5,628 5,205 5,368 5,801 with dilution (000,000) End of period common shares outstanding (000,000) 6,189 6,139 5,221 5,187 5,821 5,581 Total wireless customers (000) Video connections (000) In-region network access lines in service (000) Broadband connections (000) Number of employees 146,832 137,324 37,934 120,554 110,376 106,957 4,536 16,390 5,460 24,639 13,986 15,605 268,540 19,896 15,778 281,450 6,028 243,620 16,425 243,360 241,810 Selected Financial and Operating Data Dollars in millions except per share amounts At December 31 and for the year ended: Financial Data Operating revenues Operating expenses Operating income Interest expense Equity in net income of affiliates Other income (expense) - net Income tax expense Net Income 2015 2014 2013 2012 $163,786 $139,439 $146,801 $122,016 $ 24,785 4,120 $132,447 $120,235 $ 12,212 $128,752 $127,434 $114,380 $ 30,752 $ 4,910 $277 $ 6,479 $ 13,333 $(52) 1,581 596 $ 7,005 S 13,687 $ 2,922 $ 6,736 $ 18,722 Less: Net Income Attributable to Noncontrolling Interest Net Income Attributable to AT&T $ 12,976 S 13,345 $ 18,418 $ 7,299 Earnings Per Common Share: Net Income Attributable to AT&T Earnings Per Common Share - Assuming Dilution: Net Income Attributable to AT&T Cash and cash equivalents Total assets Long-term debt Total debt Capital expenditures Dividends declared per common share Book value per common share Ratio of earnings to fixed charges $ 5,788 $403,821 $113,68:1 $123,513 S 22,408 5,121 $402,672 $118,515 $126,151 $ 20,015 $ 8,603 $296,834 $ 75,778 $ 81,834 21,433 3,339 $281,423 $ 69,091 $ 74,589 $ 21,228 $275,834 $ 66,152 $ 69,638 S 19,728 Weighted-average common shares outstanding (000,000) Weighted-average common shares outstanding 6,168 5,628 5,205 5,368 5,801 with dilution (000,000) End of period common shares outstanding (000,000) 6,189 6,139 5,221 5,187 5,821 5,581 Total wireless customers (000) Video connections (000) In-region network access lines in service (000) Broadband connections (000) Number of employees 146,832 137,324 37,934 120,554 110,376 106,957 4,536 16,390 5,460 24,639 13,986 15,605 268,540 19,896 15,778 281,450 6,028 243,620 16,425 243,360 241,810Step by Step Solution
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