Squat XFit Inc reported the following ($ in millions) Financial results 2020 Revenue 80 4 EBITDA 40 7 Interest income 3 0 Tax rate 25,0 Debt interest rate 5,0 balances from 31 12 2019 31 12 2020 Net PP E 212 7 246 0 intangible assets 45,0 54 0 Debt 214 0 214 0 Purchases Assume purchases made at the...

To calculate the net income we need to determine the following Depreciati ...

Squat XFit Inc. reported the following ($ in millions). Financial results 2020 Revenue 80.4 EBITDA 40.7 Interest

Fantastic news! We've Found the answer you've been seeking!

Question:

Squat XFit Inc. reported the following ($ in millions).

Financial results	2020
Revenue	80.4
EBITDA	40.7

Interest income	3.0
Tax rate	25,0%
Debt interest rate	5,0%

balances from	31/12/2019	31/12/2020
Net PP&E	212.7	246.0
intangible assets	45,0	54.0
Debt	214.0	214.0

Purchases Assume purchases made at the end of the year and therefore did not generate D&A in 2020	2020
capital expenditures	53.4
Purchases of intangible assets	12.5

Calculate net income for the year ending 12/31/2020

Related Book For answer-question

Understanding Financial Accounting

ISBN: 978-1118849385

1st Canadian Edition

Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald

See More Books

Posted Date: Apr 04, 2023 12:43 AM

See More Questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
In a recent annual report, MCD company reported the following in its statement of cash flows (the amounts and accounts have been simplified): Years Ended December 31, Operating activities (millions...
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years...
Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets of $2,655,000; fixed and other assets of $1,770,000; and long-term debt of $200,000....
How many types of audit report may be submitted by a company auditor and under what circumstances? Discuss briefly.
Consider the fuel consumption data in Table B.18. For the purposes of this exercise, ignore regressor $x_{1}$. Perform a thorough analysis of these data. What conclusions do you draw from this...
Go to the books companion website and use information found there to answer the following questions related to The Coca-Cola Company and PepsiCo, Inc. (a) What are the amounts of Coca-Colas and...
Andy purchased a 6% coupon rate commonwealth Government Securities (CGS), which mature in 2022 June. Assume the par value is 100, and YTM is 5% P.A. Calculate the CGS price when Andy purchased this...
During the Plan Order Phase, the hours for the Receive Order phase (marked with an *) are actual times, as this work has already been performed. In addition to these internal labors costs, the...
Which one of the following statements about the Personal Property Security Act is false?n a. This legislation applies to all present and future transactions (whatever form they might take) where...
How is vega defined?
True or False: If $\mathrm{PW}(\mathrm{A})>\mathrm{PW}(\mathrm{B})>\$ 0$ and $\mathrm{PBP}(\mathrm{A}) \mathrm{PBP}(\mathrm{B})$.
Galvanized Products is considering purchasing a new computer system for their enterprise data management system. The vendor has quoted a purchase price of $\$ 100,000$. Galvanized Products is...
True or False: $P W, F W, A W, C W$, and $B / C$ are ranking methods; therefore, the alternative having the greatest $P W, F W, A W, C W$, or $B / C$ should be recommended.
Compute the time response of the causal system described by the transfer function \[H(z)=\frac{(z-1)^{2}}{z^{2}-0.32 z+0.8}\] when the input signal is the unit step.
AR Realty Trust is willing to provide sale-and-leaseback financing to Meridian. AR REalty Trust is willing to purchase the property owened by Meridian for $15 million and lease the properties back to...
Solve each equation. x 3 - 6x 2 = -8x
Deleau Equipment Ltd. issued 10%, five-year bonds with a face value of $80 million on October 1, 2016. The bonds were issued at par and pay interest on March 31 and September 30 each year. Deleaus...
AP1-19 introduced Jason Chan and his pizza business, A Slice of Life Ltd. At the end of November, the following items were in records: Required: a. Identify each of the items in his records as an...
Dundee Company started business on January 1 of the current year. The company made total sales of $900,000 during the year, of which $150,000 were cash sales. By the end of the year, Dundee had...
Discuss the employment-at-will doctrine.
Discuss under what conditions unemployment compensation can be denied to a claimant.
Discuss why employment disclaimers are important to the employer.

Squat XFit Inc. reported the following ($ in millions). Financial results 2020 Revenue 80.4 EBITDA 40.7 Interest

Question:

Expert Answer:

To calculate the net income we need to determine the following Depreciati... View the full answer

Understanding Financial Accounting

Students also viewed these accounting questions