Question

In: Accounting

2017 2018 2019 Total Revenue $              4,476,412 $ 4,864,985 $ 5,586,369 Restaurant operating costs (exclusive of...

2017 2018 2019
Total Revenue $              4,476,412 $ 4,864,985 $ 5,586,369
Restaurant operating costs (exclusive of D&A):
Food, beverage and packaging                  1,535,428     1,600,760     1,847,916
Labor                  1,205,992     1,326,079     1,472,060
Occupancy                     327,132        347,123        363,072
Other operating costs                     651,644        680,031        760,831
Cost of goods sold $              3,720,196 $ 3,953,993 $ 4,443,879
Gross Profit                     756,216        910,992     1,142,490
SG&A                     296,388        375,460        451,552
Depreciation and amortization                     163,348        201,979        212,778
Pre-opening costs                       12,341            8,546          11,108
Impairment, closure costs, and asset disposals                       13,345          66,639          23,094
Total operating expenses                  4,205,618     4,606,617     5,142,411
Income from operations                     270,794        258,368        443,958
Interest and other income                         4,949          10,068          14,327
Income before income taxes                     275,743        268,436        458,285
Provision for income taxes                     (99,490)        (91,883)      (108,127)
Net income $                 176,253 $    176,553 $    350,158

How do I calculate EBIT, EBT, & EBITDA? Every formula that I try is different from what Yahoo Finance lists it as.

Solutions

Expert Solution

Particulars 2017 2018 2019
Net Income $ 1,76,253.00 $ 1,76,553.00 $ 3,50,158.00
Add: Provision for Income Tax $    99,490.00 $    91,883.00 $ 1,08,127.00
Earnings Before Tax (EBT) $ 2,75,743.00 $ 2,68,436.00 $ 4,58,285.00
Add: Interest Expense/(Income) $     (4,949.00) $   (10,068.00) $   (14,327.00)
Earnings before Interest and Tax (EBIT) $ 2,70,794.00 $ 2,58,368.00 $ 4,43,958.00
Add: Depreciation and Amortization $ 1,63,348.00 $ 2,10,979.00 $ 2,12,778.00
Add: Impairment Costs, closure costs and Disposal Costs $    13,345.00 $    66,639.00 $    23,094.00
Add: Pre opening Costs $    12,341.00 $       8,546.00 $    11,108.00
EBITDA $ 4,59,828.00 $ 5,44,532.00 $ 6,90,938.00

Related Solutions

American Airlines revenue is as follows: Revenue 2019 45768 2018 44541 2017 42622 - What is...
American Airlines revenue is as follows: Revenue 2019 45768 2018 44541 2017 42622 - What is the trend analysis for American Airlines in the past three years? - the projection of its revenue growth in the coming two years? - The trend of American Airlines profitability in the past 3 years
This information is available for Pharoah Company for 2017, 2018, and 2019. 2017 2018 2019 Beginning...
This information is available for Pharoah Company for 2017, 2018, and 2019. 2017 2018 2019 Beginning inventory $ 103,000 $ 319,000 $ 414,500 Ending inventory 319,000 414,500 472,000 Cost of goods sold 892,000 1,120,500 1,306,000 Net sales 1,200,000 1,605,500 1,903,000 Calculate inventory turnover for Pharoah Company for 2017, 2018, and 2019. (Round answers to 2 decimal places, e.g. 1.52.) 2017 2018 2019 Inventory turnover Calculate days in inventory for Pharoah Company for 2017, 2018, and 2019. (Round answers to 1...
Data for Tropical Enterprises? follows: 2019 2018 2017 Total Current Assets $400,000 $300,000 $250,000 Total Current...
Data for Tropical Enterprises? follows: 2019 2018 2017 Total Current Assets $400,000 $300,000 $250,000 Total Current Liabilities 190,000 150,000 125,000 Compute the dollar amount of change and the percentage of change in Tropical ?Enterprises's working capital each year during 2019 and 2018. What do the calculated changes? indicate? Begin by selecting the formula to compute the working? capital, the dollar amount of change and the percentage of change in Tropical ?Enterprises' working capital. Working capital =__________________________________ Dollar amount of change...
Total sales revenue is $1000, total variable costs are $600 and total fixed costs are $1000....
Total sales revenue is $1000, total variable costs are $600 and total fixed costs are $1000. The price is $10 per unit. Compute the break-even volume in units (assume that the break-even point is in the relevant range). A) 166.7 units B) 250 units C) 280 units D) 2500 units Beta company allocates fixed overhead costs based on direct labor dollars, with an allocation rate of $5 per DL$. Beta sells 1000 units of product X per month at a...
In 2018, X Company's revenue was $198,000, its total variable costs were $122,760, and its fixed...
In 2018, X Company's revenue was $198,000, its total variable costs were $122,760, and its fixed costs were $92,400. In 2019, the relationship between revenue and variable costs will not change, but fixed costs will decrease by $14,784. Assuming a tax rate of 35%, what will revenue have to be in order for X Company to earn $41,600 after taxes in 2019?
Economic profit is equal to a. total revenue minus explicit and implicit costs. b. total revenue...
Economic profit is equal to a. total revenue minus explicit and implicit costs. b. total revenue minus explicit costs. c. marginal revenue minus marginal cost. d. total revenue minus implicit costs. e. total revenue minus dividends and interest. If the price elasticity of demand is 4, a 5 percent decrease in price will increase quantity demanded by a. 25% b. 10% c. 8% d. 20% If the calculated elasticity of demand between two points is 2.26, demand is considered a....
Quantity Total Revenue Marginal Revenue Total Cost Marginal Cost Fixed Costs ATC Average Fixed Costs Average...
Quantity Total Revenue Marginal Revenue Total Cost Marginal Cost Fixed Costs ATC Average Fixed Costs Average Variable Costs 0 0 - 10 - 10 - - - 1 8 24 14 24 2 16 34 10 17 3 24 42 8 14 4 32 49 7 12.25 5 40 57 8 11.4 6 48 67 10 11.17 7 56 81 14 11.57 8 64 99 18 12.38 9 72 123 24 13.67 1b. At a price of $14, what is...
How do I calculate EBT, EBIT, & EBITDA from this income statement? 2017 2018 2019 Total...
How do I calculate EBT, EBIT, & EBITDA from this income statement? 2017 2018 2019 Total Revenue $              4,476,412 $ 4,864,985 $ 5,586,369 Restaurant operating costs (exclusive of D&A): Food, beverage and packaging                  1,535,428     1,600,760     1,847,916 Labor                  1,205,992     1,326,079     1,472,060 Occupancy                     327,132        347,123        363,072 Other operating costs                     651,644        680,031        760,831 Cost of goods sold $              3,720,196 $ 3,953,993 $ 4,443,879 Gross Profit                     756,216        910,992     1,142,490...
Calculate the total Ending Inventory value for 2016, 2017, 2018 and 2019 using dollar-value LIFO. (Show...
Calculate the total Ending Inventory value for 2016, 2017, 2018 and 2019 using dollar-value LIFO. (Show all calculations and the ending inventory amount for each of the years) Year    Current year inventory            Index   2016                $50,000                       1.00 2017                $72,000                       1.20 2018                $117,000                     1.30 2019                $119,000                     1.40
Excess revenue (total revenue minus operating expenditures) in the nonprofit sector are normally distributed with a...
Excess revenue (total revenue minus operating expenditures) in the nonprofit sector are normally distributed with a mean of $1.5 million and a standard deviation of $1 million. (a) What is the probability that a randomly selected nonprofit has negative excess revenues? (b) What is the probability that a randomly selected nonprofit has excess revenue between $1 million and $2 million? (c) If 10% of nonprofits are expected to exceed a certain excess revenue level, what is that revenue level?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT