标题: Valuation in emerging markets [打印本页] 作者: mkytz15 时间: 2011-7-11 19:14 标题: Valuation in emerging markets
Equity CFA book , Valuation in emerging markets, reading 41 problem 3, pg 303
I am not sure, how they got 2009 real taxes= 238,000/1.10.
Would someone please let me know?
Thanks,作者: RepoToronto 时间: 2011-7-11 19:14
taxes paid are calculated from nominal earnings. So you must calculate nominal ebit, then nominal tax and then index that nominal tax value down with an inflation index.
Edited 1 time(s). Last edit at Saturday, January 29, 2011 at 09:29PM by Andrew3032.作者: President1988 时间: 2011-7-11 19:14
Also reading this section ATM and had a question.
On page 278, how is investment in net working capital of 37 calculated?
