Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars):
Sales | $4,120.00 |
Operating costs (excluding depreciation) | 3,003.00 |
EBITDA | $1,117.00 |
Depreciation | 310.00 |
EBIT | $807.00 |
Interest | 160.00 |
EBT | $647.00 |
Taxes (25%) | 161.75 |
Net income | $485.25 |
Looking ahead to the following year, the company's CFO has assembled this information:
On the basis of this information, what will be the forecast for Edwin's year-end net income? Enter your answers as positive values. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Do not round intermediate calculations. Round your answers to two decimal places.
Edwin Inc. Income Statement |
|
(in millions of dollars) | |
Sales | $ |
Operating costs (excluding depreciation) | |
EBITDA | $ |
Depreciation | |
EBIT | $ |
Interest | |
EBT | $ |
Taxes (25%) | |
Net income | $ |
Calculate the income statement as follows:
Formulas:
Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in...
Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,300.00 Operating costs excluding depreciation 3,038.00 EBITDA $1,262.00 Depreciation 320.00 EBIT $942.00 Interest 160.00 EBT $782.00 Taxes (40%) 312.80 Net income $469.20 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 4% higher than $4.3 billion in sales generated last year. Year-end operating costs, excluding depreciation, will equal 60% of...
Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,140.00 Operating costs (excluding depreciation) 3,055.00 EBITDA $1,085.00 Depreciation 305.00 EBIT $780.00 Interest 170.00 EBT $610.00 Taxes (25%) 152.50 Net income $457.50 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 5% higher than $4.14 billion in sales generated last year. Year-end operating costs, excluding depreciation, are expected to increase...
At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,150.00 Operating costs excluding depreciation 3,046.00 EBITDA $1,104.00 Depreciation 300.00 EBIT $804.00 Interest 160.00 EBT $644.00 Taxes (40%) 257.60 Net income $386.40 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 6% higher than $4.15 billion in sales generated last year. Year-end operating costs, excluding depreciation, will equal 70% of sales. Depreciation...
At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,100.00 Operating costs excluding depreciation 3,008.00 EBITDA $1,092.00 Depreciation 340.00 EBIT $752.00 Interest 130.00 EBT $622.00 Taxes (40%) 248.80 Net income $373.20 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 4% higher than $4.1 billion in sales generated last year. Year-end operating costs, excluding depreciation, will equal 70% of sales. Depreciation...
Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,100.00 Operating costs (excluding depreciation) 3,048.00 EBITDA $1,052.00 Depreciation 320.00 EBIT $732.00 Interest 130.00 EBT $602.00 Taxes (40%) 240.80 Net income $361.20 Looking ahead to the following year, the company's CFO has assembled this information Year-end sales are expected to be 6% higher than $4.1 billion in sales generated last year. • Year-end operating costs, excluding depreciation, are expected to...
Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,230 Operating costs excluding depreciation 3,098 EBITDA $1,132 Depreciation 325 EBIT $807 Interest 160 EBT $647 Taxes (40%) 259 Net income $388 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 6% higher than $4.23 billion in sales generated last year. Year-end operating costs, including depreciation, are expected to increase...
Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,190.00 Operating costs (excluding depreciation) 3,011.00 ЕВITDA $1,179.00 Depreciation 340.00 ЕВIT $839.00 Interest 160.00 ЕВT $679.00 Taxes (40%) 271.60 Net income $407.40 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 4 % higher than $4.19 billion in sales generated last year. Year-end operating costs, excluding depreciation, are expected to...
At the end of last year, Roberts Inc. reported the following income statement (in millions of dollars): Sales $3,000 Operating costs excluding depreciation 2,450 EBITDA $550 Depreciation 250 EBIT $300 Interest 125 EBT $175 Taxes (40%) 70 Net income $105 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 7% higher than the $3 billion in sales generated last year. Year-end operating costs, excluding depreciation, are expected to equal 85%...
At the end of last year, Roberts Inc. reported the following income statement (in millions of dollars): Sales $3,000 Operating costs excluding depreciation 2,450 EBITDA $550 Depreciation 250 EBIT $300 Interest 124 EBT $176 Taxes (25%) 44 Net income $132 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 8% higher than the $3 billion in sales generated last year. Year-end operating costs, excluding depreciation, are expected to equal 70%...
Sales $4,100.00 Operating costs excluding depreciation 3,053.00 EBITDA $1,047.00 Depreciation 300.00 EBIT $747.00 Interest 170.00 EBT $577.00 Taxes (40%) 230.80 Net income $346.20 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 4% higher than $4.1 billion in sales generated last year. Year-end operating costs, excluding depreciation, will equal 80% of sales. Depreciation costs are expected to increase at the same rate as sales. Interest costs are expected to remain...