Problem 2-38 Free Cash Flow (LG2-5)

Vinnys Overhead Construction had free cash flow during 2015 of $34.7 million. The change in gross fixed assets on Vinnys balance sheet during 2015 was $6.0 million and the change in net operating working capital was $7.0 million.

Calculate the missing amounts on Vinnys income statement below. (Enter your answers in millions of dollars rounded to 2 decimal places. Input all amounts as positive values.)

VINNY'S OVERHEAD CONSTRUCTION, CORP Income Statement for Year Ending December 31, 2015 (in millions of dollars) Net sales Less: Cost of goods sold 127.1 Gross profits Less: Other operating expenses 77.00 13.40 Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Depreciation 63.60 10.60 Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income 28.34