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Posted: November 29th, 2017
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:$2,000,000I need to see how the problem is solved.
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