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ZYX Inc. shows the following balance sheet as of 12/31/2016 (in US $ millions): Assets Liabilities Cash & checking deposits 3 Short-term debt 10 Accounts
ZYX Inc. shows the following balance sheet as of 12/31/2016 (in US $ millions):
Assets Liabilities
Cash & checking deposits 3 Short-term debt 10
Accounts receivable 4 Accounts payable 6
Inventories & supplies 8 Mortgage debt 14
Vehicles 12 Total debt 30
Machinery & equipment 16
Buildings & structures 24 Equity 37
Total assets 67 Total liabilities 67
ZYX's financial office anticipates that the income statement from 1/1/2017 through 12/31/2017 will show the following figures (US $ millions):
(+) Total revenues 50
(-) Cost of goods sold 22
(-) Operating expenses (incl. depreciation) 10
(-) Interest payments & other financial expenses 4
(-) Taxes 2
Determine ZYX's expected net profit. (Type your answer in millions of US $. Do not write the $ sign or needless zeros.)
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