Baghiben Vinny's Overhead Construction had free cash flow during 2021 of $27.9 million. The change in gross fixed assets on Vinny's balancesheet 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 decimalplaces.)Net salesLess: Cost of goods soldVINNY'S OVERHEAD CONSTRUCTION, CORP.Income Statement for Year Ending December 31, 2021(in millions of dollars)Gross profitsLess: Other operating expensesEarnings before interest, taxes, depreciation, and amortization (EBITDA)Less: DepreciationEarnings before interest and taxes (EBIT)Less: InterestEarnings before taxes (EBT)Less: TaxesNet income131.10$81.0017.4063.6014.60$63.0049.00S49.00$30.44

An income statement is a financial document that outlines a company's revenues, expenses, and…

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

Problem 1PS

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Vinny's Overhead Construction had free cash flow during 2021 of $25.4 million. The change in gross fixed assets on Vinny's balance sheet during 2021 was $5.0 million and the change in net operating working capital was $6.0 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 118.10 Gross profits $ 61.00 Less: Other operating expenses 14.40 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 46.60 Less: Depreciation 12.60 Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income $ 15.54
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