O Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of doll

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O Quantitative Problem At The End Of Last Year Edwin Inc Reported The Following Income Statement In Millions Of Doll 1 (94.87 KiB) Viewed 23 times

O Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,110.00 Operating costs (excluding depreciation) 3,027.00 EBITDA $1,083.00 335.00 Depreciation EBIT $748.00 Interest 170.00 EBT $578.00 Taxes (40%) 231.20 Net income $346.80 Looking ahead to the following year, the company's CFO has assembled this information: • Year-end sales are expected to be 4% higher than $4.11 billion in sales generated last year. Year-end operating costs, excluding depreciation, are expected to increase at the same rates as 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%. On the basis of this information, what will be the forecast for Edwin's year-end net income? Round your answers to two decimal places. Do not round intermediate calculations. Enter all values as positive numbers. . (in millions of dollars) Sales Operating costs (excluding depreciation) EBITDA $ Depreciation EBIT $ Interest EBT Taxes Net income