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Income statement: Sosa Corporation recently reported an EBITDA of $31.3 million and net income of $9.7...

Income statement: Sosa Corporation recently reported an EBITDA of $31.3 million and net income of $9.7 million. The company had $6.8 million in interest expense, and its average corporate tax rate was 35 percent. What was its depreciation and amortization expense?

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Solulton As given the data of Sosa corporations, EBITDA = $ 31.3 million = $31,300,000 Net Incomes $9.7 million = $ 9,700,000.As we know the Chart of EBITDA to Net Income, so then we fill all the given date, as mentioned (As given), then we start fro

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