use the income statement for microsoft corporation to compute the following 1)...
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Finance
use the income statement for microsoft corporation to compute the following
1) tax SHIELD
2) the tax on operating profit
3) NOPAT
MICROSOFT CORPORATION Income Statements For the years ended June 30, | ||
(in millions) |
| 2015 |
Revenue |
| |
Product |
| $75,956 |
Service |
| 17,624 |
Total revenue |
| 93,580 |
Cost of revenue |
| |
Product |
| 21,410 |
Service and other |
| 11,628 |
Total cost of revenue |
| 33,038 |
Gross margin |
| 60,542 |
Research and development |
| 12,046 |
Sales and marketing |
| 15,713 |
General and administrative |
| 4,611 |
Impairment, integration, and restructuring |
| 10,011 |
Operating income |
| 18,161 |
Other income (expense), net |
| 346 |
Income before taxes |
| 18,507 |
Provision for income taxes |
| 6,314 |
Net income |
| $ 12,193 |
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