Pearson Brothers recently reported an EBITDA of $7.5 million and net income of $1.6 million. It had

Question:

Pearson Brothers recently reported an EBITDA of $7.5 million and net income of $1.6 million. It had $2.0 million of interest expense, and its corporate tax rate was 30%. What was its charge for depreciation and amortization?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Financial Management Theory And Practice

ISBN: 978-0176583057

3rd Canadian Edition

Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason

See More Books

Question Posted: Jun 11, 2019 12:01 PM

See More Questions

Kendall Corners Inc. recently reported net income of $3.1 million and depreciation of $250,000. What was its net cash flow? Assume it had no amortization expense.
Assume that you are Cochran's assistant and that you must help her answer the following questions for Meissner. a. What effect did the expansion have on sales and net income? What effect did the...
a. Find the present values of the following cash flow streams. The appropriate interest rate is 14%. b. What is the value of each cash flow stream at a 0% interest rate? Year Cash Stream A Cash...
What is the payback period? Name and discuss three possible reasons that the payback period is used to help make capital investment decisions.
In each case, find a unitary matrix U such that UHZU is diagonal. (a) (b) (c) (d) (e) (f) 4 3- 3+1 a b 4 a, b real 1+i 1-i 3 2 2 Z-02 0 2 01-i 2
Using the FRED economic database ( https://fred.stlouisfed.org/ ), find the Youth Unemployment Rate in the United States then click Edit Graph and Add Line and find the Youth Unemployment Rate for...
Consider the IRR and ERR measures of worth. If we define a root to mean a value for the measure that results in $\mathrm{PW}=0$, then which of the following statements is true? a. Both IRR and ERR...
Hastings estimates that if it acquires Vandell, interest payments will be $1,500,000 per year for 3 years after which the current target capital structure of 30 percent debt will be maintained....
In one month Ashton earned $800 at her part-time job, and $80 was withheld for federal income tax. Suppose she earns $1200 next month. How much will be withheld for federal income tax?
As a student, you have individual experiences with your university. These may include managing enrolling, orientation, choosing a course, setting schedules, and many more. Conduct a SWOT analysis for...
Little Books Inc. recently reported $3.5 million of net income. Its EBIT was $7 million, and its tax rate was 30%. What was its interest expense?
Based on the following information, what are Ever Green's cash flows from operations? The company reported profits of $18,000 and claimed amortization of $4,000, while accounts receivable increased...
Describe the curve represented by each equation. Identify the type of curve and its center (or vertex if it is a parabola). Sketch each curve. (y + 5) 2 = 8(x 2)
Casey Corporation produces a special line of basketball hoops. Casey Corporation produces the hoops in batches. To manufacture a batch of the basketball hoops, Casey Corporation must set up the...
I understand that some of you must deal with rude and condescending interactions at your workplace or elsewhere. Please note and observe the humility, patience and self-control demonstrated in this...
A 2.0 kg mass is moving on a frictionless airtrack. It collides into a motionless 1.5 kg mass. What is the the combined speed in m/s of the two masses if they stick together on impact? m = 2.0 kg m =...
II. Hypothetical Exercise Sacred Secular ("Sacred") is a five-hundred-bed nonprofit hospital located in an urban area in downtown Portland, Oregon. According to their website, Sacred seamlessly...
How am I supposed to write this legal memo based on the IRAC model? Like, how should I split it off of parts 1 and 2? Hypothetical Fact Pattern Michael Brooks is the Chief People Officer at a...
Forsyth Company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. During the year, the company produced and sold 10,000 units at...
A business had revenues of $280,000 and operating expenses of $315,000. Did the business (a) Incur a net loss (b) Realize net income?
Maple Leaf Printing has $5 billion in assets, and its tax rate is 30%. Its basic earning power (BEP) ratio is 10%, and its return on assets (ROA) is 5%. What is Maple Leaf Printing's times-...
Rite-on-Time Trucking currently has $750,000 in accounts receivable, and its days' sales outstanding (DSO) is 55 days. Its wants to reduce its DSO to 35 days by pressuring more of its customers to...
In the table that follows, complete the balance sheet and sales information for Hoffmeister Industries using the following financial data: Debt ratio: 50% Quick ratio: 0.80 Total assets turnover:...
Jenny wishes to accumulate $10000 over 5 years for an overseas trip. She will make a deposit every 6-months, and the funds will earn the interest rate of 4% per annum compounded semi-annually. How...
Write a short C++ program that will prompt the user and input three integer values (month, day, year) from the console in a "date" format that includes '/' separator characters. e.g., 8/21/2013. Your...
Aimee is the owner of a stock with annual returns of 12.3 percent, -5.0 percent, 6.6 percent, and 18.2 percent for the past four years. She thinks the stock may achieve a return of 27 percent this...

Pearson Brothers recently reported an EBITDA of $7.5 million and net income of $1.6 million. It had

Question:

Step by Step Answer:

EBITDA 7500000 NI 1600000 Int 2000000 T 30 DA E...View the full answer

Financial Management Theory And Practice

Students also viewed these Business questions