What was charge for depreciation and amortization

Assignment Help Financial Management

Reference no: EM131831914

Patterson Brothers recently reported an EBITDA of $17.5 million and net income of $4.2 million. It had $2.0 million of interest expense, and its corporate tax rate was 40%. 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.

Reference no: EM131831914

Questions Cloud

By how much will appling earnings be increased or decrease : By how much will Appling's earnings be increased or decreased by the bonds (ignoring taxes) in the March 31 quarterly financial statements

Common shares are currently outstanding : Harper Industries has $800 million of common equity on its balance sheet; How many common shares are currently outstanding?

How is the nile different from the tigris and euphrates : You should answer TWO questions and you should make ONE comment or response to your classmates' responses for a total of THREE posts.

Feminist movement in the 1970s : Before the "second wave" of the feminist movement in the 1970s, which of the following was impossible for women?

What was charge for depreciation and amortization : What was its charge for depreciation and amortization?

What kind of hardware is needed to support t-one connection : What kind of hardware is needed to support a T-1 connection to your business? What will be the resulting costs of including the following?

What amount of interest expense related to the bonds : What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 2013

Emergence of a popular independence movement in india : What factors led to the emergence of a popular independence movement in India, and why did this movement lead to the establishment of two states

What was its interest expense : Byron Books Inc. recently reported $9 million of net income. Its EBIT was $19.8 million, and its tax rate was 40%. What was its interest expense?

User Account

All Pages