Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. it is january 1,2017 and pegasus is contemplating

It is January 1,2017 and Pegasus is contemplating the acquisition of competitor Chimera. The following...

70.2K

Verified Solution

Question

Accounting

It is January 1,2017 and Pegasus is contemplating the acquisition of competitor Chimera. The following details are available ($ in millions except per share data):
January 1,2017($ in millions) Pegasus Chimera
GAAP revenue $150.40 $112.00
GAAP net income $14.04 $9.92
Tax rate 40%35%
What is 2017 pro forma (combined) GAAP pre-tax income?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Let G be a finite group and p be a prime number.Suppose that pr divides the...

Advance Math
Q

Organic chemistry question about extraction lab...? Procedure: Place 2.0 g of the mixture of sucrose, acetylsalicylic acid...

Chemistry
Q

3 7 1 8 Solve for the missing side length If using Pythagorean Theorem Pound...

Geometry
Q

On a particular day a fitness studio had 184 customers For each an employee recorded...

Statistics
Q

Oakwood Inc. requires all capital investments to generate an internal rate of return of 16%....

Accounting
Q

a companys number of days to collect is higher than the length of credit period....

Accounting
Q

thank you for helping Territory and Product Profitability Analysis Pipeline...

Accounting
Q

Oriole Toys' management is considering eliminating product A, which has been showing a loss for...

Accounting
Q

Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO

Accounting
Q

YUX Corporation sells a single product for $60. Its management estimates the following revenues and...

Accounting
Q

Required information [The following information applies to the questions displayed below] Lansing Company's current-year income...

Accounting
Q

Over the long term, which is a better metric for determining value creation: 1) Net...

Finance