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    Pudda's Avatar
    Pudda Posts: 2, Reputation: 1
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    #1

    Sep 18, 2010, 02:10 PM
    Income statement
    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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    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 18, 2010, 08:59 PM

    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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