Tater and Pepper Corp. reported free cash flows for 2012 of $43.1 million and investment in operating capital of $26.1 million. Tater and Pepper incurred $14.0 million in depreciation expense and paid $29.7 million in taxes on EBIT in 2012.

Calculate Tater and Pepper’s 2012 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.)

  1. 👍
  2. 👎
  3. 👁
  1. 45

    1. 👍
    2. 👎
  2. i got 25.5

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. financial management

    Last year Rattner Robotics had $5 million in operating income (EBIT). The company had net depreciation expense of $1 million and interest expense of $1 million; its corporate tax rate was 40 percent. The company has $14 million in

  2. Cash flow statement

    In a statement of cash flows, the cash flows from investing activities section should report a.the issuance of common stock in exchange for a factory building. b.stock dividends received. c.a major repair to machinery charged to

  3. Healthcare Finance

    Great Forks Hospital reported net income for 2007 of $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million. a. What were total expenses for 2007? b. What were total cash expenses for 2007? (Hint:

  4. Accounting

    Working capital Management Indicate how each of the following six different transactions Dynamic mattress might make would would affect I) cash and II)Networking capital A) Paying out a $2 million cash dividend B) A customer

  1. Accounting

    Assume a $4000 investment and the following cash flows for two alternatives. Under the payback method, which of the following would be concluded? a. Investment X should be selected b. Investment Y should be selected c. Investment

  2. Financial Analysis - free cash flows

    b. Do negative values of free cash flow in way alter or invalidate the notion that a company's fair market value equals the present value of its free cash flows discounted at the company’s weighted average cost of capital?


    Barrett Industries invests a large sum of money in R & D; as a result, it retains and reinvests all of its earnings. In other words, Barrett does not pay any dividends and it has no plans to pay dividends in the near future. A

  4. accounting 2

    a.Equipment and land were acquired for cash b.There were no disposal of equipment during the year c.The investments were sold for 45,000 cash d.The common stock was issued for cash e.There was a 65,900 credit to retained earning

  1. Finance

    Your firm is looking at a new investment opportunity, Project Alpha, with net cash flows as follows: ---- Net Cash Flows ---- Project Alpha Initial Cost at T-0 (Now) ($10,000) cash inflow at the end of year 1 6,000 cash inflow at

  2. CPa

    A company makes an investment of $150,000 with a useful life of 10 years and expects to use this investment to generate $300,000 in sales with $280,000 in incremental operating costs. If the company operates in an environment with

  3. Business Finance

    Neville Corporation, an amusement park, is considering a capital investment in a new exhibit. The exhibit would cost $174,777 and have an estimated useful life of 9 years. It will be sold for $69,200 at that time. (Amusement parks

  4. investing

    Gregg graduated several years ago with his MBA. He founded Alpha Industries upon graduation and has worked hard to build the business. In the year that just ended, Alpha’s free cash flow was negative $10 million due to a

You can view more similar questions or ask a new question.