1. EM recently reported $6 million in net income. Its EBIT was $13 million and its tax...
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1. EM recently reported $6 million in net income. Its EBIT was $13 million and its tax rate is 40%. What is its interest expense?
2. In its most recent financial statements, GM reported $70 million in net income and $900 million in retained earnings. The previous retained earnings were $855 million. How much dividends did the firm pay to shareholders?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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