Fi_1 - 14 SCENARIO 3-1 The following 2 years of financial...

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14.  SCENARIO 3-1 The following 2 years of financial information are for Sebring Corporation. SEBRING CORPORATION: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF DOLLARS)   2005 2004 Sales $3,600.0 $3,000.0 Operating costs (excluding depreciation and amortization)     3,060.0         2,550.0          EBITDA $   540.0 $   450.0 Depreciation and amortization               90.0                   75.0          Earnings before interest and taxes $   450.0 $   375.0 Interest                65.0                   60.0          Earnings before taxes $   385.0 $   315.0 Taxes (40%)           154.0               126.0     Net income available to common stockholders $          231.0     $          189.0     Common dividends $   181.5 $     13.2 SEBRING CORPORATION: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF DOLLARS)   2005 2004 Assets:  
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This note was uploaded on 11/04/2009 for the course BUS FIN 2100 taught by Professor Shmidl during the Spring '09 term at Laramie County Community College.

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Fi_1 - 14 SCENARIO 3-1 The following 2 years of financial...

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