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eBook At the end of last year, Roberts Inc. reported the following income statement (in millions of dollars): Sales $3,000 Operating costs excluding depreciation 2,450
eBook At the end of last year, Roberts Inc. reported the following income statement (in millions of dollars): Sales $3,000 Operating costs excluding depreciation 2,450 EBITDA 5550 Depreciation 250 EBIT $300 Interest 124 EBT 5176 Taxes (259) 44 Net Income 5132 Looking ahead to the following year, the company's CFO has assembled this information Year-end sales are expected to be higher than the 53 billion in sales generated last year. Year and operating costs, excluding depreciation, are expected to equal 75% of year-end sales. Depreciation is expected to increase at the same rate as sales Interest costs are expected to remain unchanged. The tax rate is expected to remain at 25%. On the basis of that information, what will be the forecast for Roberts year end net income? Enter your answer in millions. For example, an answer of $25,400,000 should be entered as 25.40. Do not round Intermediate calculations. Round your answer to two decimal places million
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