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The Crane Chemical Corporation announced that, for the period ending March 31, 2017, it had earned income after taxes of $2,768,942.25 on revenues of $13,199,000.
The Crane Chemical Corporation announced that, for the period ending March 31, 2017, it had earned income after taxes of $2,768,942.25 on revenues of $13,199,000. The company's costs (excluding depreciation and amortization) amounted to 61 percent of sales, and it had interest expenses of $392,168. What is the firm's depreciation and amortization expense if its average tax rate is 34 percent? (Round answer to 2 decimal places e.g. 15.25.)
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