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? (Roundanswer to 0 decimal places, eg. 5,275.)

Cash flow from operating activities (CFO) depicts the amount of money brought in by the company from…

Answered: Ivanhoe Corporation reported EBITDA of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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