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1) ABC Corporation has announced that its net income for year ended July 30, 2009, is $1,824,214. Company had the EBITDA of $ 5,174,366, and its depreciation and amortization expense was equal to $1,241,790. Company’s tax rate is 34 percent. Determine the amount of interest expense for the firm?

a. $2,763,961
b. $939,747
c. $1,187,720
d. $1,168,615

2) Return distribution for an asset is as shown in table given below. What are the missing values if expected return is 10 percent?

Return         Probability
0.1               0.25
X                   0.5
X                 0.25

a. 0.20
b. 0.15
c. 0.10
d. None of the above

Accounting Basics, Accounting

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