Question
Spartan Motors finished 2014 with a Net Income of $1.5 million, $24 million in Sales, $2.7 million Interest Expense, and a corporate tax rate of
Spartan Motors finished 2014 with a Net Income of $1.5 million, $24 million in Sales, $2.7 million Interest Expense, and a corporate tax rate of 25%. Spartan also had $950,000 worth of depreciation during 2014. What is the firms EBITDA?
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Principles Of Managerial Finance Brief
Authors: Chad J. Zutter, Scott B. Smart
8th Global Edition
1292267143, 978-1292267142
