Current Attempt in Progress Ivanhoe Corporation reported EBITDA of $7,300,325 and net income of $3,328,700 for the fiscal year ended December 31, 2017. During the same period, the company had $1,155,372 in interest expense, $1,023,294 in depreciation and amortization expense, and an average corporate tax rate of 35 percent. What was the cash flow to investors from operating activity during 2017? (Round answer to O decimal places, eg. 5,275.) Cash flow from operating activity %24
Current Attempt in Progress Ivanhoe Corporation reported EBITDA of $7,300,325 and net income of $3,328,700 for the fiscal year ended December 31, 2017. During the same period, the company had $1,155,372 in interest expense, $1,023,294 in depreciation and amortization expense, and an average corporate tax rate of 35 percent. What was the cash flow to investors from operating activity during 2017? (Round answer to O decimal places, eg. 5,275.) Cash flow from operating activity %24
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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look at the image to help me solve the problem
![Current Attempt in Progress
Ivanhoe Corporation reported EBITDA of $7,300,325 and net income of $3,328,700 for the fiscal year ended December 31, 2017.
During the same period, the company had $1,155,372 in interest expense, $1,023,294 in depreciation and amortization expense,
and an average corporate tax rate of 35 percent. What was the cash flow to investors from operating activity during 2017? (Round
answer to O decimal places, eg. 5,275.)
Cash flow from operating activity
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F68dd438c-e68d-46e7-958a-4b7321db2706%2F48d02789-62f1-46d6-974a-f2d3107c0963%2Fgbgf4j8_processed.png&w=3840&q=75)
Transcribed Image Text:Current Attempt in Progress
Ivanhoe Corporation reported EBITDA of $7,300,325 and net income of $3,328,700 for the fiscal year ended December 31, 2017.
During the same period, the company had $1,155,372 in interest expense, $1,023,294 in depreciation and amortization expense,
and an average corporate tax rate of 35 percent. What was the cash flow to investors from operating activity during 2017? (Round
answer to O decimal places, eg. 5,275.)
Cash flow from operating activity
%24
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