Question

1. Moogle Inc.’s 2019 financial statements show operating profit before tax of $542, net income of $380, provision for income taxes of $108 and net nonoperating expense before tax of $54. Moogle’s statutory tax rate for 2019 is 35.4%. Moogle’s 2019 tax shield of net nonoperating expense is:

2.The fiscal 2019 financial statements of BT Services shows net operating profit margin (NOPM) of 11.69%, net operating asset turnover (NOAT) of 1.46, return on equity of 19.37%, and adjusted return on assets of 8.17%. What is the company’s nonoperating return?

Answer 1

1.

Operating profit before tax=$542

Net Income= $380

Provision for Income Tax=$108

Net Non opearting expense tax befor Tax=$54

Tax RAte=35.4%

Tax Sheid of Non Operating expense=54*35.4/100

= 19.116

Below Image For Income statement

2.

Second Question : I dont know Answer