Question: Please post in EXCEL format or from an EXCEL spreadsheet. Thank you. 22. [EXCEL] Income statement: Sosa Corporation recently reported an EBITDA of $31.3 million
Please post in EXCEL format or from an EXCEL spreadsheet. Thank you.
22. [EXCEL] Income statement: Sosa Corporation 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 it's average corporate tax rate was 35 percent. What was its depreciation and amortization expense?
23. [EXCEL] Income statement: 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?
24. [EXCEL] Income Statement: For its most recent fiscal year, Carmichael Hobby Shop recorded EBITDA of $512,725.20, EBIT of $362,450.20, zero interest expense, and cash flow to investors from operating activity of $348,461.25. Assuming there are no non-cash revenues recorded on the income statement, what is the firm's net income after taxes?
25. [EXCEL] Retained earnings: Columbia Construction Company earned $451,888 during the year ended June 30, 2017. After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $846,972 at the end of fiscal year 2017, what were the retained earnings on its balance sheet on July 1, 2016?
27. [EXCEL] Tax: Mount Hebron Electrical Company's financial statements indicated that the company had earnings before interest and taxes of $718,323. The interest rate on its $850,000 debt was 8.95 percent. Calculate the taxes the company is likely to owe. What are the marginal and average tax rates for this company?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
