In 2021, Bulldogs Inc. had a net operating profit after-taxes of P20,000,000 and an effective tax rate of 20%. Its earnings before interest, taxes, depreciation and amortization was P45,500,000 and net income of P12,200,000. During 2022, Bulldogs Inc. made P14,500,000 capital expenditures net of depreciation. Determine the total depreciation and amortization expense of Bulldogs Inc. *
In 2021, Bulldogs Inc. had a net operating profit after-taxes of P20,000,000 and an effective tax rate of 20%. Its earnings before interest, taxes, depreciation and amortization was P45,500,000 and net income of P12,200,000. During 2022, Bulldogs Inc. made P14,500,000 capital expenditures net of depreciation. Determine the total depreciation and amortization expense of Bulldogs Inc. *
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
Problem 1PS
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Transcribed Image Text:In 2021, Bulldogs Inc. had a net operating profit after-taxes of P20,000,000 and an effective tax
rate of 20%. Its earnings before interest, taxes, depreciation and amortization was P45,500,000
and net income of P12,200,000. During 2022, Bulldogs Inc. made P14,500,000 capital
expenditures net of depreciation. Determine the total depreciation and amortization expense
of Bulldogs Inc. *
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