Everybody’s Fitness's 2021 income statement is reported below (in millions of dollars) (Use corporate tax rate of 21 percent for your calculations.) Everybody’s Fitness Income Statement for 2021 (in millions of dollars) Net sales (all credit) $ 1,085 Less: Cost of goods sold 480 Gross profits $ 605 Less: Other operating expenses 255 EBITDA $ 350 Less: Depreciation and amortization 92 EBIT $ 258 Less: Interest 115 EBT $ 143
Everybody’s Fitness's 2021 income statement is reported below (in millions of dollars) (Use corporate tax rate of 21 percent for your calculations.) Everybody’s Fitness Income Statement for 2021 (in millions of dollars) Net sales (all credit) $ 1,085 Less: Cost of goods sold 480 Gross profits $ 605 Less: Other operating expenses 255 EBITDA $ 350 Less: Depreciation and amortization 92 EBIT $ 258 Less: Interest 115 EBT $ 143
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 3P
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Everybody’s Fitness's 2021 income statement is reported below (in millions of dollars) (Use corporate tax rate of 21 percent for your calculations.)
Everybody’s Fitness Income Statement for 2021 (in millions of dollars) |
|||
Net sales (all credit) | $ | 1,085 | |
Less: Cost of goods sold | 480 | ||
Gross profits | $ | 605 | |
Less: Other operating expenses | 255 | ||
EBITDA | $ | 350 | |
Less: |
92 | ||
EBIT | $ | 258 | |
Less: Interest | 115 | ||
EBT | $ | 143 |
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