A Corporation recently reported an EBITDA of $31.3 million and $9.7 million of net income. The company has $6.8 million interest expense, and the corporate tax rate is 35 percent. What was the company's depreciation and amortization expense?
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A Corporation recently reported an EBITDA of $31.3 million and $9.7 million of net income. The company has $6.8 million interest expense, and the corporate tax rate is 35 percent. What was the company's depreciation and amortization expense?
Income before interest, tax, depreciation & amortization
- Depreciation & Amortization
= Income before interest & tax
- Interest expense
= Income before tax
- Income Tax expense (35% of the above figure)
= Net Income
Plug in and solve.
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