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Using the information given below, calculate EBITDA if normalized EBIT is 2,155.0. Assume the calculation of normalized EBIT includes typical normalizing adjustments such as add
Using the information given below, calculate EBITDA if normalized EBIT is 2,155.0.
Assume the calculation of normalized EBIT includes typical normalizing adjustments such as add backs for impairments, restructuring and other non recurring items.
a) 2,634.0
b) 2,633.0
c) 2,658.0
d) 2,637.0
$ 633 503 B03 (254) (88) (53) Operating activities Net income Adjustments to reconcile net income to operating cash flows: Depreciation and amortization Postretirement benefit plan (income) expense Deferred income taxes Other Postretirement benefit plan contributions Changes in operating assets and liabilities, net of acquisitions: Trade receivables Inventories Accounts payable Accrued income taxes Accrued interest expense Accrued and prepaid advertising, promotion and trade allowances Accrued salaries and wages All other current assets and liabilities Net cash provided by (used in) operating activities 131 (30) 96 87 (2) (21) (7) (5) $ 1,793 Operating trends Net sales Comparable net sales (a) Gross profit as a % of net sales Comparable gross proft as a % of net sales (a) Depreciation Amortization Advertising expense Research and development expense Operating profit $14,580 14,386 34.7% 38.9% 494 9 1,094 199 1,024 $ Depreciation and amortization (a) U.S. Morning Foods U.S. Snacks U.S. Specialty North America Other Europe Latin America Asia Pacific Total Reportable Segments 136 166 10 32 92 32 31 Corporate Consolidated 499 4 503 $ (a) Includes asset impairment charges as discussed in Note 12. Note 12 During 2014, long-lived assets of $24 million, related to a manufacturing facility in the Company's U.S. Snacks segment, were written down to an estimated fair value of $3 million due to Project K activities. The Company's calculation of the fair value of long-lived assets is based on Level 3 inputs, including market comparables, market trends and the condition of the assetsStep by Step Solution
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