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Oriole Corporation reported EBITDA of $7,299,900 and net income of $3,328,650 for the fiscal year ended December 31, 2017. During the same period, the company

image text in transcribed Oriole Corporation reported EBITDA of $7,299,900 and net income of $3,328,650 for the fiscal year ended December 31, 2017. During the same period, the company had $1,155,369 in interest expense, $1,023,274 in depreciation and amortization expense, and an average corporate tax rate of 35 percent. What was the cash flow to investors from operating activity during 2017?
Sample Test Problem 3.06 Oriole Corporation reported EBITDA of $7,299,900 and net income of $3,328,650 for the fiscal year ended December 31, 2017. During the same period, the company had $1,155,369 in interest expense, $1,023,274 in depreciation and amortization expense, and an average corporate tax rate of 35 percent. What was the cash flow to investors from operating activity during 2017? (Round answer to o decimal places, e.g. 5,275.) Cash flow from operating activity Click if you would like to Show Work for this question: Modify Show Work

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