Cullumber Corporation recently reported an EBITDA of $30.70 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

$9.7 million

Explanation:

Calculation to determine depreciation and amortization expense

EBITDA30.7 million

Less:Depreciation and amortization expense(balance) ($8976923.08,)

(30.7-21.7230769)

EBIT $8976923.08

(14.9230769+6.8)

Less:interest expense(6.8 million)

EBT 14.9230769 million

(100%)(9.7/0.65)

Less:tax 35%(14.9230769*35%)5.2230769 million

Net income(65%)9.7 million

Therefore depreciation and amortization expense will be 9.7 million

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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