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Vinnys Overhead Construction had free cash flow during 2012 of $37.0 million. The change in gross fixed assets on Vinnys balance sheet during 2012 was
Vinnys Overhead Construction had free cash flow during 2012 of $37.0 million. The change in gross fixed assets on Vinnys balance sheet during 2012 was $7 million and the change in net operating working capital was $8 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.) |
VINNYS OVERHEAD CONSTRUCTION, CORP. Income Statement for Year Ending December 31, 2012 (in millions of dollars) | ||
Net sales | $ | |
Less: Cost of goods sold | 132.10 | |
Gross profits | $ | 90.00 |
Less: Depreciation | 15.60 | |
Other operating expenses | $ | 18.40 |
Earnings before interest and taxes (EBIT) | $ | |
Less: Interest | ||
Earnings before taxes (EBT) | $ | |
Less: Taxes | ||
Net income | $ | 32.64 |
I earlier posted this question but some of the accounts were answered incorrectly. Please make sure everything is correct. thanks |
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