Question
The income statement of Orange Company showed the following figures Revenues Php 750,000 Cost of Goods Sold 250,000 Gross Margin 500,000 Operating Expenses 200,000 Operating
The income statement of Orange Company showed the following figures
| Revenues | Php 750,000 |
| Cost of Goods Sold | 250,000 |
| Gross Margin | 500,000 |
| Operating Expenses | 200,000 |
| Operating Income | 300,000 |
Orange Company owns an equipment with original acquisition cost of P1,000,000 with useful life of 10 years. Operating expenses also include interest expense of P15,000. Prevailing income tax rate is at 25%. How much is the EBITDA of Orange Company?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
