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Tax rate not listed, this is the entire question. 2-38 Free Cash Flow Vinny's Overhead Construction had free cash flow during 2018 of $25.4 million.
Tax rate not listed, this is the entire question.
2-38 Free Cash Flow Vinny's Overhead Construction had free cash flow during 2018 of $25.4 million. The change in gross fixed assets on Vinny's balance sheet during 2018 was $7.0 million and the change in net operating working capital was $8.4 million. Using this information, fill in the blanks on Vinny's income statement below. (LG2-50) VINNY'S OVERHEAD CONSTRUCTION CORP. Income Statement for Year Ending December 31, 2018 (in millions of dollars) Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income $ 116.10 $66.00 12.40 $53.60 10.20 $ $27.64Step by Step Solution
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