Question: 19. Given the 2007 income statement data and non-recurring items below, calculate adjusted EBITDA and net income S in millions) Income Statement Reported 2007 Adjusted

 19. Given the 2007 income statement data and non-recurring items below,

19. Given the 2007 income statement data and non-recurring items below, calculate adjusted EBITDA and net income S in millions) Income Statement Reported 2007 Adjusted 2007 djustments $1,000.0 Sales Cost of Goods Sold Gross Profit Selling, General & $375.0 Administrative Restructuring Charges Operating Income (EBIT) InterestExpense Pre-tax Income Income Taxes @ 40% Net Income 230.0 $135.0 $100.0 0 $135.0 Operating Income (EBIT) Depreciation &Amortization50.0 EBITDA $185.0 Non-ning items: a) $5.0 milion pre-tax inventory write-down;b) $10.0 million pre-tax restructuring charge 19. Given the 2007 income statement data and non-recurring items below, calculate adjusted EBITDA and net income S in millions) Income Statement Reported 2007 Adjusted 2007 djustments $1,000.0 Sales Cost of Goods Sold Gross Profit Selling, General & $375.0 Administrative Restructuring Charges Operating Income (EBIT) InterestExpense Pre-tax Income Income Taxes @ 40% Net Income 230.0 $135.0 $100.0 0 $135.0 Operating Income (EBIT) Depreciation &Amortization50.0 EBITDA $185.0 Non-ning items: a) $5.0 milion pre-tax inventory write-down;b) $10.0 million pre-tax restructuring charge

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