Patterson Brothers recently reported an EBITDA of $10.5 million and net income of $3.0 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. Do not round intermediate calculations. Round your answer to the nearest dollar, if necessary.

Q: The MacCauley Company has sales of $150 million and total expenses (excluding depreciation) of $90…

A: Data given: Sales = $150 million Total expenses (excluding depreciation) = $90 million.…

Q: Mo’s INC recently reported an EBITDA of $15 million and net income of $5.3 million. It had $3…

A: Depreciation refers to spreading the cost of fixed assets over their useful life. It includes all…

Q: Bronze, Inc has sales of $58,200, costs of $25,300, depreciation expense of $3,100, and interest…

A: Operating Cash Flows  = Earning before interest & tax + Depreciation - Taxes

Q: Patterson Brothers recently reported a EBITDA of $7.5 million and net income of $2.625 million. It…

A: Depreciation is the decrease in the value of the fixed assets over the specific period of time due…

Q: Sidewinder, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000,…

A: SALES 634000 COSTS 328000 DEPRECIATION 73000 INTEREST  38000 TAX RATE 21%

Q: Last year, Jackson Tires reported net sales of $40,000,000 and total operating costs (including…

A: Net sales = $40,000,000 Total operating costs = $26,000,000 Net profit before tax = Net sales-Total…

Q: Sherlock Homes, a manufacturer of low-cost mobile housing, has $5,150,000 in assets. Temporary…

A: Given Information Total Assets = $5,150,000 Temporary Current Assets = $1,130,000 Permanent Current…

Q: Patterson Brothers recently reported an EBITDA of $18.5 million and net income of $5.6 million. It…

A: EBITDA stands for Earnings before interest, taxation, deparation and amortization. Net income =…

Q: 2. Bingbing Construction recently reported RM25.50 million of sales, RM10.60 million of operating…

A: Calculate the operating income or EBIT of the corporation by deducting the operating costs and…

Q: AT&T recently reported (in millions) $8,250 of sales, $5,750 of operating costs other than…

A: Given data; sales= $ 8250 operating cost = $ 5750 depreciation = $ 1100 value of bond = $3200…

Q: The Klaven Corporation has operating income (EBIT) of $750,000. The company’s depreciation expense…

A: The question is based on the calculation of net income , cash flow and operating cash flow. Net…

Q: Patterson Brothers recently reported an EBITDA of $8.5 million and net income of $1.8 million. It…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: Vasudevan Inc. recently reported operating income of $5.95 million, depreciation of $1.20 million,…

A: The total cash that a company has to pay off to its liabilities and dividend to its shareholders is…

Q: Soenen Inc. had the following data for 2012 (in millions).  The new CFO believes that the company…

A: Pre-tax income is the earnings that the company generates through sales without considering the…

Q: A company has EBIT of P30,000,000, depreciation of P5,000,000, and a 40% tax rate. It needs to spend…

A: Free cash flows of the business means operating cash of the business which is left after spending…

Q: Benson, Inc., has sales of $38,530, costs of $12,750, depreciation expense of $2,550, and interest…

A: SALES 38530 COSTS 12750 DEPRECIATION 2550 INTEREST  1850 TAX RATE 21%

Q: Pharrell, Inc., has sales of $998,000, costs of $283,000, depreciation expense of $84,000, interest…

A: net income formula: net income = sales - cost - depreciation - interest ×1-tax

Q: Laiho Industries recently reported the following information in its annual report:  Net income =…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Gorilla Movers has sales of S645,560, cost of gods sold of SsA25,890, depreciation of $32,450, and…

A: The times interest earned ratio is calculated as ratio of earnings before interest and taxes and the…

Q: Crystal Oil has $9 million in accounts payable, $1.8 in saleries and taxes payable, and $10.4 in…

A: Payables deferral period is a measure of delay between when a firm receives a bill and pays towards…

Q: If for the most recent year, a firm’s RNOA is 17.5%, its sales were $2,000,000, its asset turnover…

A: Assets Turnover=  It indicates how the entity is using its assets to produce the revenue. RNOA= It…

Q: Patterson recently reported EBITA of $14.5 million. It had $2.0 million of interest expense, and its…

A: Depreciation: It is the non-cash expenses that is charged against the tangible assets of the…

Q: MPI Incorporated has $3 billion in assets, and its tax rate is 35%. Its basic earning power (BEP)…

A: BEP ratio=EBITTotal Assets0.13=EBIT$3 billionEBIT=$3 billion×0.13EBIT=$0.39 billion   ROA=Net…

Q: Patterson Brothers recently reported an EBITDA of $12.5 million and net income of $2.4 million. It…

A: The depreciation expense refers to the amount of fixed assets that are expensed over the useful life…

Q: In the Wall Bricks, Inc.’s balance sheet lists net fixed asset as $12 million. The fixed assets…

A: SOLUTION : Book Value of Net Fixed Assets as per Balance sheet = $12 million - Book Value of Current…

Q: Steber Packaging, Inc., expects sales next year of $50 million. Of this total, 40 percent is…

A: Operating expenses=$25millionAccelerated Depreciation=10millionMarginal tax rate=34%

Q: Graff, Incorporated, has sales of $50,000, costs of $23,000, depreciation expense of $2,250, and…

A: Operating cash flows is the amount of cash flows the company is able to generate from operations.…

Q: A chemical company has a total income of 1.62 million per year and total expenses of 716057 not…

A: Income Tax charges for the first year of operation = 254,380

Q: During 2018, Raines Umbrella Corp. had sales of $800,000. Cost of goods sold, administrative and…

A: Answer and calculations are given below

Q: Patterson Brothers recently reported an EBITDA of $8.5 million and net income of $1.8 million. It…

A: Solution:- EBITDA Stands for:- Earnings before interest tax depreciation and amortization.

Q: Marine Outlets, Inc. had $ 14 million in sales last year, COGS of $ 8 million, depreciation expense…

A: In the given question we need to compute the Firm's Net income from the information given.

Q: MPI Incorporated has $5 billion in assets, and its tax rate is 35%. Its basic earning power (BEP)…

A: To determine times-interest-earned (TIE) ratio, following formula will be used:

Q: Easy Launch Box recently reported $15,500 of sales, $8,250 of operating costs other than…

A: In this question, we have been asked to find the operating income for which we have been given…

Q: HighTech Wireless just published its current income statement, which shows net income equal to…

A: Hightech has no debt it means no interest expense.   Income before tax = Net income/(1 - tax rate)…

Q: Tubby Toys estimates that its new line of rubber ducks will generate sales of $7.30 million,…

A: Operating cash flow is the amount received by the business by performing their core business…

Q: Pearson brothers recently reported an EDITDA of $7.5 million and net income of $1.8 million.  It had…

A: (EBITDA - interest -depreciation )*(1-tax) = net income  Let depreciation is x

Q: Last year, Sharpe Radios had net operating profit after-taxes (NOPAT) of $7.8 million. Its EBITDA…

A: Particulars  Amount (in $ million) EBITDA 15.5 Less: Depreciation & Amortization 2.5 EBIT…

Q: Sheaves, Inc., has sales of $54,000, costs of $24,600, depreciation expense of $2,650, and interest…

A: operating cash flow is the amount of cash flow a company generates from its operating activities.…

Q: Cox Corporation recently reported an EBITDA of $58 million and $10 million of net income. The…

A: EBITDA - Depreciation and amortization = Earnings before Interest and Tax (EBIT)

Q: Talbot Enterprises recently reported an EBITDA of $8 million and net incomeof $2.4 million. It had…

A: Depreciation and amortization are non-cash expenses that are deducted from EBITDA in the process to…

Operating Cash Flows

A cash flow statement (CFS) helps the company to know the amount of cash at its disposal, the activities that lead to earning cash, and the activities which require cash expenditure for a particular period. The statement represents the liquidity of the company.