What was its depreciation and amortization expense

Assignment Help Financial Management
Reference no: EM131052383

Sosa Corporation recently reported an EBITDA of $31.8 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? (Round answer to 2 decimal places and enter your answer in dollars, e.g. 9,700,000.25) Depreciation and amortization $

Reference no: EM131052383

Questions Cloud

How did egypt change and did those change last past his rule : Ancient Egypt was a culture fueled by religion and one that spent lifetimes preparing for the afterlife. When the Pharaoh Akhenaten took the throne, how did Egypt change and did those changes last past his rule?
Analyze the results using moisture analyzer on frozen dough : This is to be used in a research project. Thus it needs to well explained. No number of words or pages. This is to analyze the results of my experiment using moisture analyzer and SEM on frozen dough
Describe two ways of applying eifs to a building : Name two types of EIFS. Describe two ways of applying EIFS to a building. Why should barrier wall EIFS be avoided?
Prejudice and stereotypes impact employee morale : In the Unit 2 assignment, you will identify how prejudice and stereotypes impact employee morale and teamwork, and have an opportunity to apply human behavior concepts to a workplace situation.
What was its depreciation and amortization expense : Sosa Corporation recently reported an EBITDA of $31.8 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?
Cash flow to investors from operating activity : For its most recent fiscal year, Carmichael Hobby Shop recorded EBITDA of $513,613.00, EBIT of $362,450.20, zero interest expense, and cash flow to investors from operating activity of $348,873.40. Assuming there are no non-cash revenues recorded on ..
Discuss the project manager role : Discuss the Project Manager's role in managing risk. Hypothesize if a certain expertise is required to adequately identify and assess project risks. For example:
Marketers attempt to increase the percent of industry sales : If marketers attempt to increase the percent of industry sales their product will attract, they are using:
Annual coupon bond with coupon rate : The YTM on a bond is the interest rate you earn on your investment if interest rates don’t change. If you actually sell the bond before it matures, your realized return is known as the holding period yield (HPY). Suppose that today you buy an annual ..

Reviews

Write a Review

Financial Management Questions & Answers

  Absolute purchasing power parity

What conditions are necessary for absolute purchasing power parity (PPP) to exist? Do you think these conditions are realistic? Discuss.

  An economy in a hypothetical country is in long run

Anticipating the possibility of war, the government increases its purchases of military equipment.

  The cost to your subsidiary of purchasing materials

Assume you have a subsidiary in Australia. The subsidiary sells mobile homes to local consumers in Australia, who buy the homes using mostly borrowed funds from local banks. Your subsidiary purchases all of its materials from Hong Kong. Explain wheth..

  Futures price of commodity-what is the value of contract

The futures price of a commodity such as corn is $1.00. The contracts are for 10,000 bushels, so a contract is worth $10,000. The margin requirement is $1,000 a contract, and the maintenance margin requirement is $600. How much must you initially rem..

  Is there a better way to more precisely incorporate the risk

Rockford Ltd plans to expand its successful business by establishing a subsidiary in France. Is there a better way to more precisely incorporate the country risk of concern here?

  Capital budgeting-evaluation of investment opportunities

What would your options be when faced with the demands of an assertive CEO who expects you to "make it work" on capital budgeting /evaluation of investment opportunities. brainstorm several options.

  Dividend payout ratio

Find the AFN for the company with the sales of $300, which are projected to grow at a rate of 8% per year. Company’s total assets are $400, and Profit margin is 5%. Accounts payable are $20 and accruals are $10. Dividend payout ratio is 55%.

  Would this provision affect the foundation request for tax

If the provision stated that upon dissolution of the Foundation its assets would be sold at auction and the proceeds of that auction returned to the original donors to the Foundation, would this alternative provision affect the Foundation's request f..

  What is the federal funds rate and target rate

What is the federal funds rate? What is the federal funds target rate? What is federal funds effective rate? The FOMC uses the open market operation to ensure that the effective federal funds rate fluctuates closely around the target. What is the cur..

  Find the weighted average cost of capital for a firm

Find the weighted average cost of capital for a firm whose tax rate is 35%. Debt: 8,500 7.2% coupon bonds outstanding, $1000 par value, 25 years to maturity, selling for 118% pf par; the bonds make semi-annual payments.

  Cash amount receivables inventory total current assets

The following is from Harrlson Incs financial statements. Sales (all on credit)were $28.50 millions for 2013 Sales to total assets 1.90 times Total Debt to Total Assets 35% Current Ratio 2.50 times Inventory Turnover 20 days Average Collection period..

  Expected net increase in annual depreciation charges

The Completely Natural Gardening Center is considering installing a new overhead sprinkling system. The expected net increase in annual operating cash flows is $40,000 and the expected net increase in annual depreciation charges is $8,000. If Complet..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd