At the end of last year, Roberts Inc. reported the following income statement (in millions of...
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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 EBITDA $550 Depreciation 250 EBIT $300 Interest 124 EBT $176 44 $132 Taxes (25%) Net income Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 5% 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 Screenshot 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 EBITDA $550 Depreciation 250 EBIT $300 Interest 124 EBT $176 44 $132 Taxes (25%) Net income Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 5% 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 Screenshot
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