Madison Industries reported EBITDA of $8.2 million and net income of $1.5 million for the fiscal year. The company had interest expenses of $1.2 million and a corporate tax rate of 25%. Calculate the company's depreciation and amortization expense.

Madison Industries reported EBITDA of $8.2 million and net income of $1.5 million for the fiscal year. The company had interest expenses of $1.2 million and a corporate tax rate of 25%. Calculate the company's depreciation and amortization expense.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Question

I want to this question answer general Accounting

Madison Industries reported EBITDA of $8.2 million and net income of
$1.5 million for the fiscal year. The company had interest expenses of
$1.2 million and a corporate tax rate of 25%. Calculate the company's
depreciation and amortization expense.

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