Question
Please format answers in an excel worksheet or make it in an excel worksheet format. 22. [EXCEL] Income statement: Sosa Corporation recently reported an EBITDA
Please format answers in an excel worksheet or make it in an excel worksheet format.
22. [EXCEL] Income statement: Sosa Corporation recently reported an EBITDA of $31.3 million and net income of $9.7 million. The company had $6.8 million in interest expense, and it's average corporate tax rate was 35 percent. What was its depreciation and amortization expense?
23. [EXCEL] Income statement: Fraser Corporation has announced that its net income for the year ended June 30, 2017, was $1,353,412. The company had EBITDA of $4,967,855 and its depreciation and amortization expense was equal to $1,112,685. The company's average tax rate is 34 percent. What was its interest expense?
24. [EXCEL] Income Statement: For its most recent fiscal year, Carmichael Hobby Shop recorded EBITDA of $512,725.20, EBIT of $362,450.20, zero interest expense, and cash flow to investors from operating activity of $348,461.25. Assuming there are no non-cash revenues recorded on the income statement, what is the firm's net income after taxes?
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