What is the amount of interest expenses for the firm

Reference no: EM133200794 , Length: Word count: 1 Page

Question 1: Altamimi Company's net income for the year 2000, is $3,700,214. The company had an EBITDA of $ 10,125,300, and its depreciation and amortization expense was equal to $2,543,790. The company's average tax rate is 35 percent.

a. What is the amount of interest expenses for the firm? (Show the details of your calculations).

b. Prepare a common sized Income Statement if sales equal $12,000,000.

Question 2: The following are accounts balance (in thousands) for Malak Company. Prepare a balance sheet, and Income statement using intermediate steps t=35% for the year ended December 31, 2018.

Net property and equipment	$2,000
Accounts receivable	$3,000
Notes payable	$37,000
Revenues	$983,000
Supply expenses	$255,000
Depreciation expenses	$35,000
Labor expense	$300,000
Interest Expenses	$11,000
Stockholders’ Equity	$61,500
Cash & cash equivalents	$97,000
Long-term debt	$3,500

Question 3: Why secondary markets are so important to raise capital?

Reference no: EM133200794

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