Question
Vinnys Overhead Construction had free cash flow during 2015 of $36.1 million. The change in gross fixed assets on Vinnys balance sheet during 2015 was
| Vinnys Overhead Construction had free cash flow during 2015 of $36.1 million. The change in gross fixed assets on Vinnys balance sheet during 2015 was $10.0 million and the change in net operating working capital was $11.0 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, 2015 (in millions of dollars) | ||
| Net sales | $ | |
| Less: Cost of goods sold | 135.1 | |
| Gross profits | $ | 95.00 |
| Less: Other operating expenses | 21.40 | |
| Earnings before interest, taxes, depreciation, and amortization (EBITDA) | $ | 73.60 |
| Less: Depreciation | 18.60 | |
| Earnings before interest and taxes (EBIT) | $ | |
| Less: Interest | ||
| Earnings before taxes (EBT) | $ | |
| Less: Taxes | ||
| Net income | $ | 34.64 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Finance For A Better World
Authors: Henri-Claude De Bettignies, F. Lépineux
2009th Edition
0230551300, 978-0230551305
