Save

Submit Assignment for Grading

Questions

Problem $3\mathrm{.}03$

Question $3$ of $8$

$1.$

Check My Work

$3.$

Click here to read the eBook: The Income Statement

$4.$

INCOME STATEMENT

$5.$

Patterson Brothers recently reported an EBITDA of $$5\mathrm{.}5$ million and net income of $$1\mathrm{.}3$ million. It had $$2\mathrm{.}0$ million of interest expense, and its corporate tax rate was $35\%.$ What was its charge for depreciation and amortization? Write out your answer completely. For example, $25$ million should be entered as $25,000,000.$

$6.$ Round your answer to the nearest dollar, if necessary. Do not round intermediate calculations.

$7.$

$ $$

$8.$