Check My Work (3 remaining) eBook At the end of last year, Roberts Inc. reported...
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Check My Work (3 remaining) eBook At the end of last year, Roberts Inc. reported the following income statement (in millions of dollars): Sales $3,000 Operating costs excluding depreciation 2,450 $550 EBITDA Depreciation 250 $300 EBIT Interest 124 $176 EBT Taxes (25%) 44 Net income $132 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 15% higher than the $3 billion in sales generated last year. Year-end operating costs, excluding depreciation, are expected to equal 85% of year-end sales. Depreciation is expected to increase at the same rate as sales. Interest costs are expected to remain unchanged. The tax rate is expected to remain at 25%. On the basis of that information, what will be the forecast for Roberts' year-end net income? Enter your answer in millions. For example, an answer of $25,400,000 should be entered as 25.40. Do not round intermediate calculations. Round your answer to two decimal places. million Check My Work (3 remaining) D= Icon Key Question 1 of 11
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