Hi,
I have general question related to taxes on Q.13 to calculate price multiple using EBITDA.
I am assuming the given taxes represent taxes on both operating and non-opearing items. The NCI company has non-operating items. When you add the taxes back to Net income (from continuing operations), don’t we have to adjust taxes (to remove the tax on non-operating items)? Are the given taxes only for NI (from continuing operation)?
What am I missing here?
Thanks in advance.