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how did you get that answer in the solution where it says add:35% and u...

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Finance

how did you get that answer in the solution where it says add:35% and u get as a result 17,76,923?? by doing what as a result of what.
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PROBLEM 12-3. Return on investment |LO 2 Consider the following information for McKinley and Son: 12/31/2017 12/31/2018 Total assets Noninterest-bearing current liabilities Net income Interest axpense Tax rate $55.000.000 1.100.000 3.300.000 726,000 35% $62,000,000 1,320,000 3425,000 770.000 35% REQUIRED Evaluate the company in terms of ROL b. While income has increased in fiscal 2018 improved! ! I dear that the company's performance has Show transcribed image text Expert Answer 1965 96% Type here to search 0,951 answers 2017 amount in S) 2018 amount in $) Net Income 33,00,000 34.26,000 My Textbook Solut Add Tax 35% 17.76,923 18,44,769 Son So Income before tax 50,76,923 52,70,769 Cheon Add Interest 7.26,000 7,70,000 Chew Oy Income before interest and tax 58,02,923 60,40,769 Managerial Manager 121.14.269) Less:Tax 3596 (20,31,023) 7th Edition 7th Edition View all solutions 37,71,900 39,26,500 NPOAT Invested capital: 5,50,00,000 6.20,00,000 Assets 11,00,000 13,20,000 Less:Liability 5,39,00,000 6,06,80,000 Invested capital 96% 83" horn to search

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