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Vinny's Overhead Construction had free cash flow during 2021 of $34.7 million. The change in gross fixed assets on Vinny's balance sheet du Assessment
Vinny's Overhead Construction had free cash flow during 2021 of $34.7 million. The change in gross fixed assets on Vinny's balance sheet du Assessment Tool iFrame million and the change in net operating working capital was $7.0 million. Calculate the missing amounts on Vinny's income statement below. (Enter your answers in millions of dollars rounded to 2 decimal places.) VINNY'S OVERHEAD CONSTRUCTION, CORP. Income Statement for Year Ending December 31, 2021 (in millions of dollars) Net sales Less: Cost of goods sold $ 204.10 127.10 Gross profits EA 77.00 Less: Other operating expenses 13.40 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 63.60 Less: Depreciation 10.60 Earnings before interest and taxes (EBIT) $ 53.00 Less: Interest 8.76 Earnings before taxes (EBT) $ 44.24 Less: Taxes 15.90 Net income $ 28.34
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