Homework Answers
Net income = (EBITDA - DEPRECIATION - INTEREST)*(1-TAX RATE)
9.7MILLION=(31.90 MILLION-DEPRECIATION-6.8 MILLION)*(1-35%)
9.7MILLION / 65% = 31.90 MILLION - DEPRECIATION -6.8 MILLION
DEPRECIATION=31.90 MILLION-6.8MILLION-14.923076.92 MILLION
DEPRECIATION = 10.17692308 MILLION
IN DOLLARS = 10,176,923.08
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Oriole Corporation reported EBITDA of $7,299,900 and net income of $3,328,650 for the fiscal year ended...
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$3,328,650 for the fiscal year ended December 31, 2017. During the
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$1,023,274 in depreciation and amortization expense, and an average
corporate tax rate of 35 percent. What was the cash flow to
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$3,328,650 for the fiscal year ended December 31, 2017. During the
same period, the company had $1,155,369 in interest expense,
$1,023,274 in depreciation and amortization expense, and an average
corporate tax rate of 35 percent. What was the cash flow to
investors from operating activity during 2017?
Sample Test Problem 3.06 Oriole Corporation reported EBITDA of $7,299,900 and net income of $3,328,650 for the fiscal year ended December 31, 2017....
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