Pretax Net income
According to MSA, ROE = (Ni.preTax - TotTax) / Eq
In the PC1 20.22, tax seems to be applied before Discountinued Operations (net of Income Taxes of $.
Then am I understanding this correctly that NI.preTax does not take into account Discountinued Operations (net of Income Taxes of $?
In fact, NI.preTax would be equal to page 20.22 row 440?
Comments
Yes, that is my interpretation too