INCOME STATEMENT Pearson Brothers recently reported an EBITDA of $7 5 million and net income of...
INCOME STATEMENT Pearson Brothers recently reported an EBITDA of $7 5 million and net income of $1 8 million. It had $2 0 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization?
Homework Answers
EBT = $1,800,000 / (1 - 0.40) = $3,000,000
EBITDA = Depreciation + Amortization + Interest + EBT
Depreciation + Amortization = $7,500,000 – $2,000,000 – $3,000,000 = $2,500,000
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