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3 September, 19:18

Mattel Inc.'s 2016 financial statements show operating profit before interest and tax of $519,233 thousand, net income of $318,022 thousand, provision for income taxes of $91,720 thousand and net nonoperating expense before tax of $109,491 thousand. Assume Mattel's statutory tax rate for 2016 is 37%. Mattel's 2016 tax shield is: Select one: A. $ 68,979 thousand B. $ 40,512 thousand C. $277,510 thousand D. $186,460 thousand E. None of the above

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  1. 3 September, 19:39
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    Answer:22.4%

    Effective tax rate = Provision for income taxes / Income before tax

    = $91,720 / ($318,022 + $91,720)

    = 22.4%
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