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
If discountinued operations (row 520) is not zero, is the numerator profit after taxes (row 510) or net income for the year (row 999)?
I think yes, it would be row 999