Cullumber Corporation recently reported an EBITDA of $30.70
million and net income of $9.7 million. The company had $6.8
million in interest expense, and it's average corporate tax rate
was 35 percent. What was its depreciation and amortization expense?
(Round answer to 2 decimal places and enter your answer
in dollars, e.g. 9,700,000.25)
| EBITDA | 30.7 million |
| Less:depreciation and amortization expense(balance)(30.7-21.7230769) | $8976923.08(Approx) |
| EBIT(14.9230769+6.8) | 21.7230769 million |
| Less:interest expense | 6.8 million |
| EBT(100%)(9.7/0.65) | 14.9230769 million |
| Less:tax@35%(14.9230769*35%) | 5.2230769 million |
| Net income(65%) | 9.7 million |
Cullumber Corporation recently reported an EBITDA of $30.70 million and net income of $9.7 million. The...