Question

• Directions: Click the Case Link above and use the information provided in Frazier & Sons Inc., Part A, to answer this question:
  
  What was Frazier & Sons' earnings before interest, taxes, depreciation and amortization (EBITDA) for the year 20Y2?

This is a single choice question. Selections are automatically selected as you use arrow to move.

a. $45,500
b. $52,800
c. $59,800
d. $67,100

Frazier & Sons, Inc. Part A Frazier & Sons, Inc. Balance Sheets Ast December 31 2012 2011 $ $ ASSETS Current Assets Cash Marketable securities (Note 1) Accounts receivable-net Note 2) Inventory (Note 3) Prepaid expenses Other current assets (Note 4) Total current assets 2,100 10,000 143,900 184,100 12,000 11,000 384,000 5,700 6,500 91,900 126,600 0,200 7,800 250,700 Fixed assets Machinery and equipment Accumulated depreciation Net Fixed assets 119,600 (27,100) 92,500 75,800 (17.100) 58,800 Other noncurrent assets 1,300 1,300 Intangibles (Note 5) 5,900 5463,700 8,500 $ 317,300 TOTAL ASSETS $ $ 59,800 LIABILITIES AND EQUITY Current liabilities Accounts payable Current portion-LTD (Note 8) Notes payable-bank (Note 7) Accrued expenses Accrued taxes Total current liabilities 125,500 3,900 4,600 12,500 8,300 152,800 10,900 Deterred federal income taxes Long-term debt 9,100 71,500 Equity Capital Stock-per value $5.00 per shere) Additional pain capital Retained earnings Total equity 90,000 17,000 198,400 300,400 5 483,700 170,000 241,500 3 327,300 TOTAL LIABILITIES AND EQUITY

Answer 1

Ans : b) $ 52,800

Statement showing Earnings before interest, taxes, depreciation and amortization (EBITDA)

Particulars	Amount
Net sales	1261800
Less : Cost of goods sold	939900
Gross profit	321900
Less : expense other than depreciation , amortization and interest expense (note 1) [271200-10100-1400-600]	259100
Less: Other expense	10000
Earnings before interest, taxes, depreciation and amortization (EBITDA)	52800

Note 1) expense other than depreciation , amortization and interest expense

= Total expense - depreciation - amortization - interest expense

=271200-10100-1400-600

=2,59,100 $