Ridgemont Corporation reported an EBITDA of $18.6 million and a net income of $5.4 million. The company paid $2.8 million in interest expense, and its effective tax rate was 25%. Calculate Ridgemont's Depreciation and Amortization expense.

Ridgemont Corporation reported an EBITDA of $18.6 million and a net income of $5.4 million. The company paid $2.8 million in interest expense, and its effective tax rate was 25%. Calculate Ridgemont's Depreciation and Amortization expense.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...

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Hi expert please given correct answer with accounting question

Ridgemont Corporation reported an EBITDA of $18.6 million and a net income of $5.4 million.
The company paid $2.8 million in interest expense, and its effective tax rate was 25%.
Calculate Ridgemont's Depreciation and Amortization expense.

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