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  • Currently, Atlas Tours Has $5.88 Million in Assets. This Is A Peak Six-Month Period.

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    laale dijaan
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    The document contains financial information for Atlas and Peak, including total assets, earnings after taxes, interest expenses, and tax calculations. Atlas has total assets of $604,000 with earnings after taxes of $485,336. Peak has total assets of $604,000 with earnings after taxes of $482,360. Both companies report interest expenses, earnings before taxes, tax amounts, and final earnings after taxes.

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    Currently, Atlas Tours has $5.88 million in assets. This is a peak six-month period.

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    The document contains financial information for Atlas and Peak, including total assets, earnings after taxes, interest expenses, and tax calculations. Atlas has total assets of $604,000 with earnings after taxes of $485,336. Peak has total assets of $604,000 with earnings after taxes of $482,360. Both companies report interest expenses, earnings before taxes, tax amounts, and final earnings after taxes.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    203 views1 page

    Currently, Atlas Tours Has $5.88 Million in Assets. This Is A Peak Six-Month Period.

    Uploaded by

    laale dijaan
    The document contains financial information for Atlas and Peak, including total assets, earnings after taxes, interest expenses, and tax calculations. Atlas has total assets of $604,000 with earnings after taxes of $485,336. Peak has total assets of $604,000 with earnings after taxes of $482,360. Both companies report interest expenses, earnings before taxes, tax amounts, and final earnings after taxes.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    Atlas 6.

    04 assets a Earning after taxes 485336


    peak 6 month b Earning after taxes 482360
    current assets 480000
    Working
    tem ca 1280000 a
    perm ca 1960000 Long term financing
    capital assets 2800000 Permanent current assets 1960000
    total assets 6040000 Capital assets 2800000
    4760000
    st rates 5% Short term financing
    lt rates 7% Temporary current assets 1280000
    EBIT 1160000 Temporary current assets 480000
    tax 38%
    Long term interest expense 4760000*0.07 333200
    a Short term interest expense 1280000*0.05*6/12 32000
    b st rate 7% Short term interest expense 480000*0.05*6/12 12000
    Total interest expense 377200

    EBIT 1160000
    Interest expense 377200
    EBT 782800
    Taxes 782800*0.38 297464
    Earnings after taxes 485336

    b
    Long term financing
    Permanent current assets 1960000
    Capital assets 2800000
    4760000
    Short term financing
    Temporary current assets 1280000
    Temporary current assets 480000

    Long term interest expense 4760000*0.07 333200


    Short term interest expense 1280000*0.05*6/12 32000
    Short term interest expense 480000*0.07*6/12 16800
    Total interest expense 382000

    EBIT 1160000
    Interest expense 382000
    EBT 778000
    Taxes 778000*0.38 295640
    Earnings after taxes 482360

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