Solution-Compute the income tax expense

Compute the income tax expense

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Reference no: EM133184066

Question - The revenues of Darjeeling Company were P1,000 for the year. A financial analyst computed the following ratios for the company using the year-end balance sheet amounts. shares are outstanding and operating expenses amount to P750.

Income Tax Expense (as a percentage of pretax income) 40% Net Income Margin 12% Return on Shareholders' Equity 10% Return on Assets 6%

Required -

a. Compute the Interest expense?

b. Compute the Income tax expense?

c. Compute the Total expenses?

d. Compute the Net income?

e. Compute the Total Assets?

f. Compute the Total Liabilities?

Reference no: EM133184066

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Compute the income tax expense

Reference no: EM133184066

Reference no: EM133184066

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