Answered: company has $11 million interest…

company has $11 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.)

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...

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Question

please help!1

3. Cox Corporation recently reported an EBITDA of $66 million and $8 million of net income. The
company has $11 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.)
$63.00
a.
b.
$55.00
$58.00
с.
d.
$47.00
$41.67
е.

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