Question
Fraser Corporation has announced that its net income for the year ended June 30, 2013, was $1,353,412. The company had EBITDA of $4,967,000, and its
Fraser Corporation has announced that its net income for the year ended June 30, 2013, was $1,353,412. The company had EBITDA of $4,967,000, and its depreciation and amortization expense was equal to $1,124,000. The company's tax rate is 34 percent. What was its interest expense?
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen and Peter Brewer
14th edition
978-0078111006
