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Squat XFit Inc. reported the following ($ in millions). Financial results 2020 Revenue 80.4 EBITDA 40.7 Interest income 3.0 Tax rate 25.0% Interest rate on
Squat XFit Inc. reported the following ($ in millions).
| Financial results | 2020 |
|---|---|
| Revenue | 80.4 |
| EBITDA | 40.7 |
| Interest income | 3.0 |
| Tax rate | 25.0% |
| Interest rate on debt | 5.0% |
| Balances as of | 12/31/2019 | 12/31/2020 |
|---|---|---|
| Net PP&E | 212.7 | 246.0 |
| Intangible assets | 45.0 | 54.0 |
| Debt | 214.0 | 214.0 |
| Purchases Assume purchases made at year end and thus did not generate D&A in 2020 | 2020 |
|---|---|
| Capital expenditures | 53.4 |
| Purchases of intangible assets | 12.5 |
Calculate net income for the year ending 12/31/2020
A. $7.1 million
B. $24.8 million
C. $18.6 million
D. $4.8 million
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Security Audit And Control Features SAP ERP
Authors: Deloitte Touche Tohmatsu Research Team And Isaca
3rd Edition
1604201150, 978-1604201154
