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Q1

Ahlam Companys net income for the year 2000, is $3,700,214. The company had an EBITDA of $ 10,125,300, and its depreciation and amortization expense was equal to $2,543,790. The company's average tax rate is 35 percent.

1. What is the amount of interest expenses for the firm? (Show the details of your calculations).
2. Prepare a common sized Income Statement if net sales equal $12,000,000.

Q2. (1 Mark)

The following are accounts balance (in thousands) for Malak Company. Calculate Net Income after-tax (show intermediate steps) t=35% for the year ended December 31, 2020.

Net property and equipment	$ 2,000
Accounts receivable	$3,000
Notes payable	$37,000
Revenues	$ 983,000
Supply expenses	$ 255,000
Depreciation expenses	$ 35,000
Labor expense	$300,000
Interest Expenses	$11,000
Stockholders Equity	$61,500
Cash & cash equivalents	$97,000
Long-term debt	$3,500