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EVIEW CINEMAS CO (SEP/DEC '17)

Mmsk297y ago
Hello Sir! How dd the examiner arrive at $1135 as the predicted post tax profits? Thank you.
John MoffatJohn MoffatTutor7y ago#1
But the answer shows the working as to how this is calculated !!! Note 1 of the question says that the after-tax profits are 454M. It also says that this is 40% of the after-exam profits of EV cinemas. Therefore the after tax profits of EV cinemas must be 454/40% = $1,135.
Mmsk297y ago#2
Oh.. Thank you sir.
John MoffatJohn MoffatTutor7y ago#3
You are welcome :-)
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