Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 4 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Sep 2017 My Price 9.00

James Hardie Industries Ltd

Calculating Adjusted Income (Sustainable Earnings)

James Hardie Industries Ltd. is an Australian company specializing in building materials. It also has several plants in the USA specializing in producing fibrecement roofing materials. It reported the following financial results on its 1998 income statement:

 

 

1998

1997

Total revenues (($bn)

1.29

1.62

Net profit ($m)

41.6

83.0

Abnormals ($m)

(41.7)

31.7

EBIT ($m)

132.0

87.4

EPS

.206

. 131

(Results shown for the 12 months ended March 31, 1998; net profit is after tax and after abnormals.)

Required

a. Calculate adjusted income by eliminating the abnormal items from James Hardie’s reported net profits.

b. Discuss how this adjusted income figure is more useful and more representative than the reported net profits.

c. Discuss the concept of adjusted income as it relates to sustainable earnings or sustainable operating profit for each year.

d. Given the decreasing level of total revenues, explain why you think it is still likely that James Hardie will show an increase in its 1999 net profit.

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Sep 2017 01:09 PM My Price 9.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)