46. Which of the following is not affected by changes in tax rate?
49. Using the company’s income statement presented, its degree of operating
Income Statement | $ millions |
Revenues | 10.5 |
Variable Operating Costs | 6.8 |
Fixed Operating Costs | 2.5 |
Operating Income | 1.2 |
Interest | 0.4 |
Taxable Income | 0.8 |
Tax | 0.2 |
Net Income | 0.6 |
50. A manufacturing company has the following income statement.
Income Statement | $ millions |
Revenues | 1100 |
Variable costs | 450 |
Fixed costs | 225 |
EBIT | 425 |
Interest | 70 |
Taxable Income | 355 |
Tax | 142 |
Net Income | 213 |