ASSETS 2010 2009 LIABILITIES AND EQUITY 2010 2009 S 10 S 15 Accounts payable Notes payable $ 60 Cash and equivalents Short-term imvestments 65 10 Accounts receivable 375 315 Accruals 140 130 Inventories 615 415 Total current liabilities S 310 $ 220 S1,000 Long-tem bonds Total liabilities Total current assets S 810 870 754 Net plant and equipment 1,000 S1,064 Preferred stock (400,000 shares) 40 40 Common stock (50,000,000 shares) Retained camings Total common equity Total liabilities and equity 130 130 766 710 S 840 S2000 S1.680 S 896 S200 Total assets $1,680 2010 2009 Net sales $3,000.0 $2,850.0 Operating costs excluding depreciation and amortization Earnings before interest, taxes, depreciation, and amortization (EBITDA) 26162 S 383.8 2,497.0 S 353.0 Depreciation 100.0 90.0 0.0 0.0 S 100.0 $ 283.8 Amortization Depreciation and amortization Earnings before interest and taxes (EBIT, or operating income) 90.0 S 263.0 60.0 $4203.0 Less interest 88.0 Earnings before taxes (EBT) Taxes (40%) Net income before preferred dividends Preferred dividends S 195.8 78.3 S 17.5 81.2 S 121.8 4.0 4.0 S 1 17.8 Net income 113.5 Additional information: 2009 $53.0 $64.8 2010 Common Dividends $57.5 $56.0 Addition to Retained Earnings Common Stock Price Outstanding Shares (in millions) WACC 20 23 50 50 5% 6% コ
ASSETS 2010 2009 LIABILITIES AND EQUITY 2010 2009 S 10 S 15 Accounts payable Notes payable $ 60 Cash and equivalents Short-term imvestments 65 10 Accounts receivable 375 315 Accruals 140 130 Inventories 615 415 Total current liabilities S 310 $ 220 S1,000 Long-tem bonds Total liabilities Total current assets S 810 870 754 Net plant and equipment 1,000 S1,064 Preferred stock (400,000 shares) 40 40 Common stock (50,000,000 shares) Retained camings Total common equity Total liabilities and equity 130 130 766 710 S 840 S2000 S1.680 S 896 S200 Total assets $1,680 2010 2009 Net sales $3,000.0 $2,850.0 Operating costs excluding depreciation and amortization Earnings before interest, taxes, depreciation, and amortization (EBITDA) 26162 S 383.8 2,497.0 S 353.0 Depreciation 100.0 90.0 0.0 0.0 S 100.0 $ 283.8 Amortization Depreciation and amortization Earnings before interest and taxes (EBIT, or operating income) 90.0 S 263.0 60.0 $4203.0 Less interest 88.0 Earnings before taxes (EBT) Taxes (40%) Net income before preferred dividends Preferred dividends S 195.8 78.3 S 17.5 81.2 S 121.8 4.0 4.0 S 1 17.8 Net income 113.5 Additional information: 2009 $53.0 $64.8 2010 Common Dividends $57.5 $56.0 Addition to Retained Earnings Common Stock Price Outstanding Shares (in millions) WACC 20 23 50 50 5% 6% コ
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
compute for NOPAT or
Formula EBIT x (1-Tax Rate)
Tax Rate basis PH Tax rate pic of tax rate is attached
Transcribed Image Text:ASSETS
2010
2009
LIABILITIES AND EQUITY
2010
2009
Cash and equivalents
Short-term investments
$ 10
S 15
S 60
Accounts payable
$ 30
65
Notes payable
110
60
Accounts receivable
375
315
Accruals
140
130
S 310
S 220
Total current liabilities
Long-term bonds
Inventories
615
S1,000
415
Total current assets
S 810
754
580
Net plant and equipment
1,000
870
Total liabilities
S1,064
S 800
Preferred stock (400,000 shares)
40
40
Common stock (50,000,000 shares)
Retained eamings
Total common equity
Total liabilities and equity
130
130
766
710
$2,000
S 89%
$2,000
$ 840
$1,680
Total assets
S1,680
2010
2009
Net sales
$3,000.0
$2,850.0
Operating costs excluding depreciation and amortization
Earnings before interest, taxes, depreciation, and amortization (EBITDA)
2,616.2
S 383.8
2,497.0
S 353.0
Depreciation
100.0
90.0
Amortization
0.0
0.0
S 100.0
S 283.8
88.0
S 195.8
Depreciation and amortization
Earnings before interest and taxes (EBIT, or operating income)
$ 90.0
$ 263.0
Less interest
60.0
Earnings before taxes (EBT)
Taxes (40%)
S 203.0
78.3
81.2
S 117.5
S 121.8
Net income before preferred dividends
Preferred dividends
4.0
S 113.5
4.0
Net income
S 1 17.8
Additional information:
2009
2010
$57.5
$56.0
Common Dividends
$53.0
$64.8
Addition
to Retained
Earnings
Common Stock Price
Outstanding Shares (in
millions)
WACC
20
23
50
50
5%
6%
Transcribed Image Text:Income Tax Tables under TRAIN Law
(Part 1- Applicable from Year 2018 to 2022)
Source: BIR and www.PinoyMoneyTalk.com
ANNUAL INCOME
TAX RATE
P250,000 and below
None (0%)
Above P250,000 to P400,000
20% of excess over P250,000
Above P400,000 to P800,000
P30,000 + 25% of excess over P400,000
Above P800,000 to P2,000,000
P130,000 + 30% of excess over P800,000
Above P2,000,000 to P8,000,000 P490,000 + 32% of excess over P2,000,000
Above P8,000,000
P2.41 million + 35% of excess over P8 million
PinoyMoneyTalk.com
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