ABC is a publicly traded company listed on NASDAQ. In ABC's 10-Q and 10-K public statements, ABC disclosed that it recorded a $200 mil. pre-tax inventory write-off due to fire in the company's warehouse in 2020:03; it realized a $30 mil. pre-tax gain (other income") on the sale of a non-core business in 2020:03: The company additionally realized a $50 mil. pre-tax gain (other income") on the sale of a non-core business and 545 mil. pre-tax restructuring costs in connection with a downsizing strategy in 2020:04. ABC company produced the following reported year-to-date (YTD) income statements during 2020-2021 period. Reported YTD Income Statement (in mil. dollars) 2020:Q3 2020:04 2021:03 3,500 4100 3600 2.200 2925 3000 Sales COGS 50 90 40 Other Income SG&A 675 700 120 Restructuring Charge 0 45 0 EBIT 675 520 520 Interest Expense 75 102 73 Pre-tax Income 600 418 447 Income Tax (30%) 180 125.4 134.1 Net Income 420 293 313 ABC has 150 mil. basic outstanding shares, with current stock price of $32 per share. The company has the following information about the options/warrants Tranche Tranche 1 Tranche 2 Tranche 3 Tranche 4 Tranche 5 Tranche 6 Number of Shares Exercise Price (mil.) 15 $ 5.00 10 $ 25.00 20 $ 30.00 12 $ 35.00 11 $ 47.00 5 $ 55.00 What is the amount of ABC's LTM Net Income? O A 202 B.224 C. 104 0 120 E. 182 ABC is a publicly traded company listed on NASDAQ. In ABC's 10-Q and 10-K public statements, ABC disclosed that it recorded a $200 mil. pre-tax inventory write-off due to fire in the company's warehouse in 2020:03; it realized a $30 mil. pre-tax gain (other income") on the sale of a non-core business in 2020:03: The company additionally realized a $50 mil. pre-tax gain (other income") on the sale of a non-core business and 545 mil. pre-tax restructuring costs in connection with a downsizing strategy in 2020:04. ABC company produced the following reported year-to-date (YTD) income statements during 2020-2021 period. Reported YTD Income Statement (in mil. dollars) 2020:Q3 2020:04 2021:03 3,500 4100 3600 2.200 2925 3000 Sales COGS 50 90 40 Other Income SG&A 675 700 120 Restructuring Charge 0 45 0 EBIT 675 520 520 Interest Expense 75 102 73 Pre-tax Income 600 418 447 Income Tax (30%) 180 125.4 134.1 Net Income 420 293 313 ABC has 150 mil. basic outstanding shares, with current stock price of $32 per share. The company has the following information about the options/warrants Tranche Tranche 1 Tranche 2 Tranche 3 Tranche 4 Tranche 5 Tranche 6 Number of Shares Exercise Price (mil.) 15 $ 5.00 10 $ 25.00 20 $ 30.00 12 $ 35.00 11 $ 47.00 5 $ 55.00 What is the amount of ABC's LTM Net Income? O A 202 B.224 C. 104 0 120 E. 182
