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

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number