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Given non-recurring events of $25 mil charge-offs for defective production and $10 mil, pre-tax Goodwill impairment fee. please find the adjusted Net Income for 2007
| Given non-recurring events of $25 mil charge-offs for defective production and $10 mil, pre-tax Goodwill impairment fee. please find the adjusted Net Income for 2007 financial statement below: |
| Reported | |
|
| 2007 |
| Sales | $1,000.0 |
| Cost of Goods Sold | 625.0 |
| Gross Profit | $375.0 |
| Selling, General & Administrative | 230.0 |
| Goodwill Impairment | 10.0 |
| Operating Income (EBIT) | $135.0 |
| Interest Expense | 35.0 |
| Pre-tax Income | $100.0 |
| Income Taxes @ 40% | 40.0 |
| Net Income | $60.0 |
|
|
|
| Operating Income (EBIT) | $135.0 |
| Depreciation & Amortization | 50.0 |
| EBITDA | $185.0 |
| A. | $95 mil. | |
| B. | $60 mil. | |
| C. | $81 mil. | |
| D. | $100 mil. |
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