Question
1.Talbot Enterprises recently reported an EBITDA of $8.0 million and net income of $2.8 million. It had $2.8 million of interest expense, and its corporate
1.Talbot Enterprises recently reported an EBITDA of $8.0 million and net income of $2.8 million. It had $2.8 million of interest expense, and its corporate tax rate was 30%. What was its charge for depreciation and amortization? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.
2 In its most recent financial statements, Del-Castillo Inc. reported $70 million of net income and $980 million of retained earnings. The previous retained earnings were $945 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.
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