Patterson Brothers recently reported an EBITDA of $18.5 million and net income of $5.55 million. It...
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Patterson Brothers recently reported an EBITDA of $18.5 million and net income of $5.55 million. It had $1.5 million of interest expense, and its corporate tax rate was 25%. What was its charge for depreciation and amortization? Write out your answer completely. For example, 25 million should be diate calculations. Round your answer to the nearest dollar, if necessary. entered as 25,000 Patterson Brothers recently reported an EBITDA of $18.5 million and net income of $5.55 million. It had $1.5 million of interest expense, and its corporate tax rate was 25%. What was its charge for depreciation and amortization? Write out your answer completely. For example, 25 million should be diate calculations. Round your answer to the nearest dollar, if necessary. entered as 25,000
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To find the charge for devaluation and amortization we can utilize the recipe EB... View the full answer
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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