Vinny's Overhead Construction had free cash flow during 2021 of $36.1 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 135.10 Gross profits $ 95.00 Less: Other operating expenses 21.40 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 73.60 Less: Depreciation 18.60 Earnings before interest and taxes (EBIT) $ 55.00 Less: Interest Earnings before taxes (EBT) Less: Taxes Net income $ 34.64

QueensLand Ltd. had the following operating results for 2021: sales = $20,200; cost of goods sold = $8,200; depreciation expense = $1,200; interest expense = $1,400; dividends paid = $600.  At the beginning of the year, net fixed assets were $9,100, current assets were $3,200, and current liabilities were $1,800.  At the end of the year, net fixed assets were $9,700, current assets were $3,850, and current liabilities were $2,100.  The tax rate for 2021 was 34%.   What was the OCF for the year 2021? a. $9,600 b. $7,604 c. $6,204 d. $8,804

For the year ended December 31, 2019, Settles Inc. earned an ROI of 9.6%. Sales for the year were $16 million, and average asset turnover was 2.4. Average stockholders' equity was $3.2 million.Required: Calculate Settles Inc.'s margin and net income. (Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000.) Calculate Settles Inc.'s return on equity. (Round your answer to 1 decimal place.)

Martinez Industries had the following operating results for 2021: Sales = $33,308; Cost of goods sold = $23,722; Depreciation expense = $5,897; Interest expense = $2,660; Dividends paid = $1,906. At the beginning of the year, net fixed assets were $19,840, current assets were $6,984, and current liabilities were $3,932. At the end of the year, net fixed assets were $24,412, current assets were $8,624, and current liabilities were $4,583. The tax rate for 2021 was 22 percent.    a. What is net income for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What is the operating cash flow for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is the cash flow from assets for 2021? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d-1. If no new debt…

For the year ended December 31, 2022, Settles Incorporated earned an ROI of 8.8 %. Sales for the year were $9 million, and average asset turnover was 2.2. Average stockholders' equity was $2.9 million. Required: a. Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. b. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place. a. Margin a. Net income % b. Return on equity %

Doris company has the following information for the year March 2021: selling, general and admin expenses were P178,200 Net sales=P810,000 Interest expenses=P19,400 Research and development=P85,050 Net cash provided by operating activities=P215,100 Income tax expenses=P18,160 COGS=P445,500 Compute operating income and net income for the period ending March 2021.

For the year ended December 31, 2022, Settles Incorporated earned an ROI of 10.5%. Sales for the year were $9 million, and average asset turnover was 2.1. Average stockholders' equity was $2.8 million. Required: Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place.

During 2021, Wahid Co. generated revenues of $95,000. The company's expenses were as follows: cost of goods sold of $47,000, operating expenses of $16,000 and a loss on the sale of equipment of $5,000.Wahid's gross profit is: O a. $48,000. O b. $95,000. O c. $27,000. O d. $32,000.

Allied Construction and Axis Construction reported the following information in their annual financial statements ($ in millions):   Allied Construction 2021 2020 Sales $ 50,000   $ 45,000   Net income   3,900     4,000   Total assets   26,000     24,000       Axis Construction 2021 2020 Sales $ 87,000   $ 72,000   Net income   3,400     4,100   Total assets   53,000     64,000       Required: 1. Calculate Allied Construction's return on assets, profit margin, and asset turnover ratio for 2021. (Do not round your intermediate calculations. Round your answers to 2 decimal places.)   1-return on assets: _____% 2- profit margin: ________% 3-asset turnover: _____times   2. Calculate Axis Construction's return on assets, profit margin, and asset turnover ratio for 2021. (Do not round your intermediate calculations. Round your answers to 2 decimal places.)   1-return on assets: _____% 2- profit margin: ________% 3-asset turnover: _____times   3-a. Which company…

Prescott Football Manufacturing had the following operating results for 2019: sales = $30,074; cost of goods sold = $21,704; depreciation expense = $3,498; interest expense = $534; dividends paid = $841. At the beginning of the year, n fixed assets were $19,988, current assets were $3,205, and current liabilities were $3,554. At the end of the year, net fixed assets were $23,047, current assets were $4,425, and current liabilities were $3,045. The tax rate for 2019 was 24 percent. A. What is net income for 2019? B. What is the operating cash flow for 2019? C. What is the cash flow from assets for 2019? D. Assume no new debt was issued during the year. What is the cash flow to creditors for 2019? F. Assume no new debt was issued during the year. What is the cash flow to