Question
Parrino Company has announced that its net income for the year ended September 30, 2020, is $1,880,830. The company had an EBITDA of $ 5,118,248,
Parrino Company has announced that its net income for the year ended September 30, 2020, is $1,880,830. The company had an EBITDA of $ 5,118,248, and its depreciation and amortization expense was equal to $1,247,685. The company's tax rate is 30 percent. What is the amount of interest expense for the company?
Round the answer to the whole number.
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1264101589, 9781264101580
