Use the Table for the Question(s)below

question 17

Multiple Choice

Use the table for the question(s) below.
Consider the following income statement for Kroger Inc.(all figures in $ Millions) :
-The interest rate tax shield for Kroger in 2004 is closest to:

• A)$268 million.
• B)$393 million.
• C)$211 million.
• D)$94 million.

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Definitions:

Divide Income

The process of distributing a portion of a company's earnings to its shareholders as dividends.

Partnership Net Income

Partnership Net Income is the total earnings made by a partnership, to be divided among its partners according to their agreement.

Negligence Claims

Legal claims filed as a result of a failure to exercise a degree of care that, under the circumstances, the law requires for the protection of other persons or those interests of other persons that may be adversely affected by a lack of such care.