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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% Debt interest rate
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% |
| Debt interest rate | 5,0% |
| balances from | 31/12/2019 | 31/12/2020 |
|---|---|---|
| Net PP&E | 212.7 | 246.0 |
| intangible assets | 45,0 | 54.0 |
| Debt | 214.0 | 214.0 |
| Purchases Assume purchases made at the end of the year and therefore 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
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Understanding Financial Accounting
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
1st Canadian Edition
1118849388, 9781119048572, 978-1118849385
