Tejada Enterprises reported EBITDA of $7,300,125 and net income of $3,328,950 for the fiscal year ended December

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Tejada Enterprises reported EBITDA of $7,300,125 and net income of $3,328,950 for the fiscal year ended December 31, 2011. During the same period, the company had $1,155,378 in interest expense, $1,023,285 in depreciation and amortization expense, and an average corporate tax rate of 35 percent. What was the cash flow to investors from operating activity during 2011?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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