1. Ajax Company has a fiscal year end of 12/31. It is not October 2020. Prepare an income statement on a Last Twelve Months (LTM) basis. FOR THIS ASSIGNMENT ONLY, IT IS OK TO JUST FILL IN THE FORM WITHOUT SHOWING CALCULATIONS. A hint is in Ch 01 Lecture 3. LTM Calculation Yr.End 12/31/19 As of 9/30/19 As of 9/30/20 LTM Sales COGS Gross Profit 130.0 70.0 60.0 98.0 51.0 47.0 104.0 56.0 48.0 Selling & Marketing Other Overhead Total Overhead 6.0 34.0 40.0 4.5 28.8 33.3 4.8 29.1 33.9 20.0 13.7 14.1 EBIT 3.4 10.3 Interest Expense Earnings Before Tax Income Tax Net Income 4.0 16.0 4.8 11.2 4.1 10.0 3.5 6.5 3.5 6.8 9.0 7.9 8.0 Depreciation & Amortization