Answer:
$192,400
Explanation:
Shorter Company
$130,000 + (0.48 * $130,000)
=$130,000+$62,400
= $192,400
Therefore Shorter's revised expected operating income for the coming year will be $192,400
A computation data that estimates the profit from the established or establishing firm is called operating income.
Shorter's revised expected operating income for the coming year will be $192,400.
This can be estimated as:
[tex]\text{Operating income} = \text{Net Earnings + Interest Expense + Taxes}[/tex]
[tex]= \$130,000 + (0.48 \times \$130,000)[/tex]
= $130,000 + $62,400
= $192,400
Therefore, the expected operating income for the coming year will be $192,400.
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