Question: Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales Operating costs excluding depreciation EBITDA

 Quantitative Problem: At the end of last year, Edwin Inc. reported

Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales Operating costs excluding depreciation EBITDA Depreciation EBIT Interest EBT Taxes (40%) Net Income $4,250.00 3,061.00 $1,189.00 340.00 $849.00 160.00 $689.00 275.60 $413,40 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 6% higher than $4.25 billion in sales generated last year. Year-end operating costs, excluding depreciation, will equal 60% 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%. millions. For example, an answer of $10,550,000 should be entered as 10.55. Enter all values On the basis of this information, what will be the forecast for Edwin's year-end net income? Enter your answers as positive numbers. Do not round intermediate calculations. Round your answers to two decimal places. (in millions of dollars) $ Sales Operating costs excluding depreciation EBITDA Depreciation EBIT Interest EBT Taxes Net income $

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