Crane Corporation recently reported an EBITDA of $43,000,000.00 and net income of $11,500,000.00. The company had $6,300,000.00 in interest expense, and its average corporate tax rate was 40 percent. What was its depreciation and amortization expense?

Answer rating: 100% (QA)

To find the depreciation and amortization expense we can use the formula for EBITDA Earnings Before ... View the full answer