The floating corporation announced

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Reference no: EM13942332

The Floating Corporation announced that for the period ending December 31, 2012, it earned income after taxes of $5,330,275 on revenues of $33,144,680. The company's costs (excluding depreciation and amortization) amounted to 61% of revenues, and Floating had interest expenses of $392,168. What is the firm's depreciation and amortization expense if its tax rate was 34 percent?

a.	mce_markernbsp; 4,458,083
b.	$ 2,336,158
c.	mce_markernbsp; 1,278.326
d.	mce_markernbsp; 540,275

Reference no: EM13942332

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