FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Click here to read the eBook: The Income Statement
INCOME STATEMENT
Patterson Brothers recently reported an EBITDA of $11.5 million and net income of $2.8 million. It had $2.0 million of interest expense, and its corporate tax rate was
30%. What was its charge for depreciation and amortization? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your
answer to the nearest dollar, if necessary. Do not round intermediate calculations.
$
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Transcribed Image Text:Click here to read the eBook: The Income Statement INCOME STATEMENT Patterson Brothers recently reported an EBITDA of $11.5 million and net income of $2.8 million. It had $2.0 million of interest expense, and its corporate tax rate was 30%. What was its charge for depreciation and amortization? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. Do not round intermediate calculations. $
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