Cox Corporation recently reported EBITDA of $22.5 million and $5.4 million of net income. The company...

Cox Corporation recently reported EBITDA of $22.5 million and $5.4 million of net income. The company has $6 million interest expense and the corporate tax rate is 25 percent. What was the company's depreciation and amortization expense? Show work.

Expert Solution

EBITDA	22.5 million
Less:depreciation and amortization(balance)(22.5-13.2)million	$9.3 million.
EBIT(6+7.2) million	13.2 million
Less:interest	6 million
EBT(100%)(5.4 million/0.75)	7.2 million
Less:tax@25%(7.2 million*25%)	1.8 million
Net income(75%)	5.4 million

jeff jeffy answered 2 years ago

Cox Corporation recently reported an EBITDA of $61 million and $10 million of net income.

Cox Corporation recently reported an EBITDA of $61 million and $10 million of net income. The company has $15 million interest expense and the corporate tax rate is 40.0% percent. What was the company's depreciation and amortization expense? (Answers are in $ millions.)$56.00$46.00$51.00$36.00$29.33

Cullumber Corporation recently reported an EBITDA of $30.70 million and net income of $9.7 million. The...

Cullumber Corporation recently reported an EBITDA of $30.70 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)

Trevi Corporation recently reported an EBITDA of $31,400 and $9,500 of net income. The company has...

Trevi Corporation recently reported an EBITDA of $31,400 and $9,500 of net income. The company has $6,600 interest expense, and the corporate tax rate is 35 percent. What was the company’s depreciation and amortization expense? Round to the nearest cent.

Trevi Corporation recently reported an EBITDA of $31,200 and $9,700 of net income. The company has...

Trevi Corporation recently reported an EBITDA of $31,200 and $9,700 of net income. The company has $6,700 interest expense, and the corporate tax rate is 35 percent. What was the company’s depreciation and amortization expense?

Patterson Brothers recently reported an EBITDA of $14.5 million and net income of $4.35 million. It...

Patterson Brothers recently reported an EBITDA of $14.5 million and net income of $4.35 million. It had $1.5 million of interest expense, and its corporate tax rate was 25%. What was its charge for depreciation and amortization? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest dollar, if necessary.

Patterson Brothers recently reported an EBITDA of $5.5 million and net income of $0.825 million. It...

Patterson Brothers recently reported an EBITDA of $5.5 million and net income of $0.825 million. It had $1.5 million of interest expense, and its corporate tax rate was 25%. What was its charge for depreciation and amortization? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest dollar, if necessary. $

Patterson Brothers recently reported an EBITDA of $19.5 million and net income of $3.9 million. It...

Patterson Brothers recently reported an EBITDA of $19.5 million and net income of $3.9 million. It had $1.5 million of interest expense, and its corporate tax rate was 25%. What was its charge for depreciation and amortization? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest dollar, if necessary.

Nicholas Health Systems recently reported an EBITDA of $25.0 million and net income of $15.8 million....

Nicholas Health Systems recently reported an EBITDA of $25.0 million and net income of $15.8 million. It had $2.0 million of interest expense, and its federal tax rate was 21% (ignore any possible state corporate taxes). What was its charge for depreciation and amortization?

Patterson Brothers recently reported an EBITDA of $17.5 millionand net income of $5.1 million. It...

Patterson Brothers recently reported an EBITDA of $17.5 million and net income of $5.1 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.

Question 1 Trevi Corporation recently reported an EBITDA of $31,200 and $9,700 of net income. The...

Question 1 Trevi Corporation recently reported an EBITDA of $31,200 and $9,700 of net income. The company has $6,600 interest expense, and the corporate tax rate is 35 percent. What was the company’s depreciation and amortization expense? Round to the nearest cent. Answer Question 2 Working capital: Winston Electronics reported the following information at its annual meetings. The company had cash and marketable securities worth $1,236,268, accounts payables worth $4,160,826, inventory of $7,121,886, accounts receivables of $3,488,415, notes payable worth...

Question