Talbot Enterprises recently reported an EBITDA of $6.5 million and a net income of $1.3 million. It had $1.755 million of interest expense, and its corporate tax rate was 35%. What was its charge for depreciation and amortization?

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...
Question

General Accounting

Talbot Enterprises recently reported an EBITDA of $6.5 million
and a net income of $1.3 million. It had $1.755 million of
interest expense, and its corporate tax rate was 35%. What was
its charge for depreciation and amortization?
Transcribed Image Text:Talbot Enterprises recently reported an EBITDA of $6.5 million and a net income of $1.3 million. It had $1.755 million of interest expense, and its corporate tax rate was 35%. What was its charge for depreciation and amortization?
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