Business, 10.04.2020 18:36 sheila54

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%
Interest rate on debt 5.0%
Balances as of 12/31/2019 12/31/2020
Net PP&E 212.7 246.0
Intangible assets 45.0 54.0
Debt 214.0 214.0
Purchases Assume purchases made at year end and thus 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

A. $7.1 million

B. $24.8 million

C. $18.6 million

D. $4.8 million

Answers: 2

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

Financial results 2020
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