Solution-Depreciation and amortization expense

Depreciation and amortization expense

Reference no: EM133003502

Pharoah Corporation recently reported an EBITDA of $32.30 million and net income of $9.7 million. The company had $6.8 million in interest expense, and it's average corporate tax rate was 35 percent. What was its depreciation and amortization expense? (Round answer to 2 decimal places and enter your answer in dollars, e.g. 9,700,000.25)

Depreciation and amortization

Reference no: EM133003502

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Depreciation and amortization expense

Reference no: EM133003502

Reference no: EM133003502

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