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Cox Corporation recently reported an EBITDA of $58 million and $10 million of net income. The company has $13 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.) $35.00 $45.00 $48.00 $28.33 $53.00

Cox Corporation recently reported an EBITDA of $58 million and $10 million of net income. The company has $13 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.) $35.00 $45.00 $48.00 $28.33 $53.00

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Cox Corporation recently reported an EBITDA of $58 million and $10 million of net income. The company has $13 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.) $35.00 $45.00 $48.00 $28.33 $53.00
Transcribed Image Text:Cox Corporation recently reported an EBITDA of $58 million and $10 million of net income. The company has $13 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.) $35.00 $45.00 $48.00 $28.33 $53.00
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