A firm has the following information: $2 million in earnings before taxes. The firm has an interest

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A firm has the following information: $2 million in earnings before taxes. The firm has an interest expense of $300,000 and depreciation of $200,000; it has no amortization. What is its EBITDA? ($2.5 million)

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Intermediate Financial Management

ISBN: 9781337395083

13th Edition

Authors: Eugene F. Brigham, Phillip R. Daves

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