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mantparn mantparn
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Posts: 1904
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7 years ago
Ag Silver Mining, Inc. has $500,000 of earnings before interest and taxes at the year end. Interest expenses for the year were $10,000. The firm expects to distribute $100,000 in dividends. Calculate the earnings after taxes for the firm assuming a 40 percent tax on ordinary income.
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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wrote...
Educator
7 years ago
(500000-10000)x.6= $294000
mantparn Author
wrote...
7 years ago
Whoa I needed this Smiling Face with Open Mouth
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