Fraser Corporation has announced that its net income for the year ended June 30, 2017, was $1,353,412.

Question:

Fraser Corporation has announced that its net income for the year ended June 30, 2017, was $1,353,412. The company had EBITDA of $4,967,855, and its depreciation and amortization expense was equal to $1,112,685. The company’s average tax rate is 34 percent. What was its interest 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...

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