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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 $3.0 million and the change in net operating working capital was $4.0 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.)
VINNY'S OVERHEAD CONSTRUCTION, CORP Income Statement for Year Ending December 31, 2015 (in millions of dollars) Net sales Less: Cost of goods sold 198.10 124.1 Gross profits Less: Other operating expenses 74.00 20.40 Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Depreciation 53.60 18.60 35 8.70 Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income 15.55Step by Step Solution
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