KSS Inputs

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Clarification on LIFO/FIFO adjustment & tax savings
1. Adjustment after tax (cell H54): formula = 2.4*0.6-4.9. you add 2.4*0.6 because you generate lower pretax income so you should be paying less tax hence you add back 2.4*0.6 as tax savings after adjusting back to LIFO (since you are converting all comps to LIFO standard for apple to apple comparis... Read More