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Income Statement: Patterson Brothers recently reported an EBITDA of $ 7 . 5 million and net income of $ 2 . 1 million. It had
Income Statement: Patterson Brothers recently reported an EBITDA of $ million and net income of $ million. It had $ million of interest expense, and its corporate tax rate was What was its charge for depreciation and amortization? A skeleton of the income statement as well as some formulas are provided to organize the work. Fill out the missing parts. Work from bottom up
EBITDA $Given
Depreciation Deprec. EBITDA EBIT
EBIT EBIT EBT Int $
Interest Given
EBT
Taxes Taxes EBT times Tax rate T
Net Income NI $Given
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