Patterson Brothers recently reported an EBITDA of $18.5 million and net income of $3.0 million. It...
Patterson Brothers recently reported an EBITDA of $18.5 million and net income of $3.0 million. It had $2.0 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. Do not round intermediate calculations.
Homework Answers
| CALCULATION OF DEPRECIATION AND AMORTIZATION | ||
| Net income | $ 30,00,000 | |
| Net income before tax = (3000,000 X 100/60) = | $ 50,00,000 | |
| Add: Interest Expenses | $ 20,00,000 | |
| Net income befor tax & before interest | $ 70,00,000 | |
| Depreciation and amortization = EBITDA - Net income before tax and before interest | ||
| Depreciation and amortization =$ 18,500,000 - $ 7000,000 = | $ 1,15,00,000 | |
| Answer = | $ 1,15,00,000 | |
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Patterson Brothers
recently reported an EBITDA of $18.5 million and net income of $3.0
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Click here to read the eBook: The Income Statement INCOME STATEMENT Patterson Brothers recently reported an...
Click here to read the eBook: The Income Statement INCOME STATEMENT Patterson Brothers recently reported an EBITDA of $12.5 million and net income of $2.6 million. It had $2.0 million of interest expense, and its corporate tax rate was 35%, what was its charge for depreciation and amortization? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. Do not round intermediate calculations.
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Please help. Thanks. 1. 2. Byron Books Inc. recently reported $15 million of net income. Its...
Please help. Thanks.
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2.
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Income Statement Talbot Enterprises recently reported an EBITDA of $7.0 million and net income of $1.75...
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Please help. Thanks.
1.
2.
Byron Books Inc. recently reported $15 million of net income. Its EBIT was $35.7 million, and its tax rate was 25%. What was its interest expense? (Hint: Write out the headings for an income statement, and then fill in the known values. Then divide $15 million of net income by (1 - 1) = 0.75 to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure...
Please solve all
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