Vinny's Overhead Construction had free cash flow during 2021 of $27.9 million. The change in gross fixed assets on Vinny's balance sheet during 2021 was $10.0 million and the change in net operating working capital was $11.0 million. Calculate the missing amounts on Vinny's Income statement below. (Enter your answers in millions of dollars rounded to 2 decimal places.) Net sales VINNY'S OVERHEAD CONSTRUCTION, CORP. Income Statement for Year Ending December 31, 2021 (in millions of dollars) Less: Cost of goods sold 131.10 Gross profits $ 81.00 Less: Other operating expenses 17.40 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 63.60 Less: Depreciation 14.60 Earnings before interest and taxes (EBIT) $ 63.00 Less: Interest 49.00 Earnings before taxes (EBT) S 49.00 Less: Taxes Net income 30.44
Vinny's Overhead Construction had free cash flow during 2021 of $27.9 million. The change in gross fixed assets on Vinny's balance sheet during 2021 was $10.0 million and the change in net operating working capital was $11.0 million. Calculate the missing amounts on Vinny's Income statement below. (Enter your answers in millions of dollars rounded to 2 decimal places.) Net sales VINNY'S OVERHEAD CONSTRUCTION, CORP. Income Statement for Year Ending December 31, 2021 (in millions of dollars) Less: Cost of goods sold 131.10 Gross profits $ 81.00 Less: Other operating expenses 17.40 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 63.60 Less: Depreciation 14.60 Earnings before interest and taxes (EBIT) $ 63.00 Less: Interest 49.00 Earnings before taxes (EBT) S 49.00 Less: Taxes Net income 30.44
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
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Transcribed Image Text:Vinny's Overhead Construction had free cash flow during 2021 of $27.9 million. The change in gross fixed assets on Vinny's balance
sheet during 2021 was $10.0 million and the change in net operating working capital was $11.0 million.
Calculate the missing amounts on Vinny's Income statement below. (Enter your answers in millions of dollars rounded to 2 decimal
places.)
Net sales
Less: Cost of goods sold
VINNY'S OVERHEAD CONSTRUCTION, CORP.
Income Statement for Year Ending December 31, 2021
(in millions of dollars)
Gross profits
Less: Other operating expenses
Earnings before interest, taxes, depreciation, and amortization (EBITDA)
Less: Depreciation
Earnings before interest and taxes (EBIT)
Less: Interest
Earnings before taxes (EBT)
Less: Taxes
Net income
131.10
$
81.00
17.40
63.60
14.60
$
63.00
49.00
S
49.00
$
30.44
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