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Hey, can you please solve this Thank you Quantitative Problem At the end of last year Edwin Inc reported the following income statement in millions of dollars Sales $4270 Operating costs

Hey, can you please solve this :) Thank you!!

Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars):

Sales $4,270
Operating costs excluding depreciation 3,083
EBITDA $1,187
Depreciation 335
EBIT $852
Interest 130
EBT $722
Taxes (40%) 289
Net income $433

Looking ahead to the following year, the company's CFO has assembled this information:

Year-end sales are expected to be 6% higher than $4.27 billion in sales generated last year.

Year-end operating costs, excluding depreciation, will equal 70% of sales.

Depreciation costs are expected to increase at the same rate as sales.

Interest costs are expected to remain unchanged.

The tax rate is expected to remain at 40%.

On the basis of this information, what will be the forecast for Edwin's year-end net income? Round your answer to the nearest whole million. Do not round intermediate calculations. Enter all values as positive numbers.

  (in millions of dollars)
Sales $
Operating costs including depreciation  
EBITDA $
Depreciation  
EBIT $
Interest  
EBT $
Taxes  
Net income $
 

Aug 11 2020 View more View Less

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