QuickHelper

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About QuickHelper

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Teaching Since: May 2017
Last Sign in: 353 Weeks Ago, 2 Days Ago
Questions Answered: 20103
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Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

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  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Business & Finance Posted 31 May 2017 My Price 7.00

Income Statement Question (2 - 4)

Question description

 

Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had $2.0 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization?

The answer is as follows:

$2,000,000

I need to see how the problem is solved.

Answers

QuickHelper
(10)
Status NEW Posted 31 May 2017 12:05 PM My Price 7.00

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