Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,130 Operating costs excluding depreciation 3,074 EBITDA $1,056 325 Depreciation EBIT $731 170 Interest $561 EBT Taxes (40%) 224 Net income $337 Looking ahead to the following year, the company’s CFO has assembled this information: • Year-end sales are expected to be 6% higher than $4.13 billion in sales generated last year.
• Year-end operating costs, including depreciation, are expected to increase at the same rates as sales. Interest costs are expected to remain unchanged. • The tax rate is expected to remain at 40%. On the basis of this information, what will be the forecast for Edwin’s year-end net income? Round your answer to the nearest whole million. Do not round intermediate calculations. Enter all values as positive numbers. in millions of dollars) Sales $ Operating costs excluding depreciation EBITDA Depreciation EBIT सी Interest EBT सी Taxes A Net income
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