Activities during the year: Capital expenditures Cost of Goods Sold (excluding D&A) 2021 580.0 3,256.0 Dividend Payout Ratio (dividends / net income to common shareholders) 40% Income Tax 35% Net Interest Expense 45.6 Net Revenues 5,800.0 Non-controlling Interest Expense (After-Tax) 25.0 Litigation Expense 97.0 Other Operating Expenses (excluding D&A) 16.5 Purchases of intangible assets 45.0 Preferred dividends 5.0 Research And Development (excluding D&A) 56.3 Proceeds from sale of land with book value of $15 20.0 Selling, General, & Administrative (excluding D&A) Write-down of PP&E 1,488.0 7.0
Activities during the year: Capital expenditures Cost of Goods Sold (excluding D&A) 2021 580.0 3,256.0 Dividend Payout Ratio (dividends / net income to common shareholders) 40% Income Tax 35% Net Interest Expense 45.6 Net Revenues 5,800.0 Non-controlling Interest Expense (After-Tax) 25.0 Litigation Expense 97.0 Other Operating Expenses (excluding D&A) 16.5 Purchases of intangible assets 45.0 Preferred dividends 5.0 Research And Development (excluding D&A) 56.3 Proceeds from sale of land with book value of $15 20.0 Selling, General, & Administrative (excluding D&A) Write-down of PP&E 1,488.0 7.0
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
For this question, please refer to the Fact Pattern below (Same fact pattern as previous question). Given the set of transactions above, what was Adjusted EBITDA in 2021?
Transcribed Image Text:Activities during the year:
Capital expenditures
Cost of Goods Sold (excluding D&A)
2021
580.0
3,256.0
Dividend Payout Ratio (dividends / net income to common shareholders)
40%
Income Tax
35%
Net Interest Expense
45.6
Net Revenues
5,800.0
Non-controlling Interest Expense (After-Tax)
25.0
Litigation Expense
97.0
Other Operating Expenses (excluding D&A)
16.5
Purchases of intangible assets
45.0
Preferred dividends
5.0
Research And Development (excluding D&A)
56.3
Proceeds from sale of land with book value of $15
20.0
Selling, General, & Administrative (excluding D&A)
Write-down of PP&E
1,488.0
7.0
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education