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Help with financial management assignment please...I need to know how to get these answers.?

(1).The talley corporation had a taxable income of $365,000 from operations after all operating costs but before (1) interest charges of $50,000, (2) dividends received of $15,000, (3) dividends paid of $25,000 and (4) income taxes. What are the firm’s income tax liability and it after-tax income? What are the company’s marginal and average tax rates on taxable income?

2). Donaldson & Son has an ROA of 10%, a 2% profit margin, and a return on equity equal to 15%.

What is the company’s total assets turnover? What is the firm’s equity multiplier?

1 Answer

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  • Marc
    Lv 7
    1 decade ago
    Favorite Answer

    I just sent you a spreadsheet and a email message with the answers.

    As you know, we needed the incremental tax rate schedule to answer the first question.

    Once you sent me those, I was able to answer the question properly.

    Source(s): 35 years of accounting experience
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