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Could you pls help, I will thumbs up Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions
Could you pls help, I will thumbs up
Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,150.00 Operating costs excluding depreciation 3,018.00 EBITDA $1,132.00 Depreciation 310.00 EBIT $822.00 Interest 150.00 EBT $672.00 Taxes (40%) 268.80 Net Income $403.20 Looking ahead to the following year, the company's CFO has assembled this Information: Year-end sales are expected to be 5% higher than $4.15 billion in sales generated last year. Year-end operating costs, excluding depreciation, will equal 70% of sales. Depreciation costs are expected to increase at the same rate as sales. Interest costs are expected to remain unchanged. The tax rate is expected to remain at 40% On the basis of this information, what will be the forecast for Edwin's year- end net income? Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Enter all values as positive numbers. Do not round intermediate calculations. Round your answers to two decimal places. (in millions of dollars) Sales 4.36 EBIT $822.00 Interest 150.00 EBT $672.00 Taxes (40%) 268.80 Net Income $403.20 Looking ahead to the following year, the company's CFO has assembled this Information: Year-end sales are expected to be 5% higher than $4.15 billion in sales generated last year. Year-end operating costs, excluding depreciation, wil equal 70% of sales Depreciation costs are expected to increase at the same rate as sales Interest costs are expected to remain unchanged. The tax rate is expected to remain at 40%. On the basis of this information, what will be the forecast for Edwin's year- end net income? Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Enter all values as positive numbers. Do not round Intermediate calculations. Round your answers to two decimal places (in millions of dollars) $ 4.36 Sales Operating costs excluding depreciation EBITDA $ Depreciation EBIT $ $ $ $ $ $ $ $ $ $ Interest EBT Taxes Net income $ MacBo Step by Step Solution
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