ABC Company earned $673411 in taxable income for the year. How much tax does the company owe on this income?
ABC recently reported $34893 of sales $6422 of operating costs other than depreciation and $2145 of depreciation. The company had $4440 of bonds
that carry a 7% interest rate and its income tax rate was 39%. How much was its net cash flow?
In 2012 ABC had operating income (EBIT) of $19529 interest expense of $1491 and dividend expense of $3145. If the tax rate is 44% what is the
transfer to Retained Earnings?