Sosa Corporation recently reported an EBITDA of $31.3 million and net income of $9.7 million. The company

Question:

Sosa recently reported an EBITDA of $31.3 million and net income of $9.7 million. The company had $6.8 million in interest expense, and its corporate tax rate was 35 percent. What was its depreciation and amortization expense?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...