Depreciation and amortization expense was equal to 1241790., Ask an Expert

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1) Parrino Corporation has proclaimed that its net income for year ended June 30, 2008, is $1,824,214. Company had EBITDA of $ 5,174,366, and its depreciation and amortization expense was equal to= $1,241,790. Company's tax rate is= 34%. Compute the amount of interest expense for firm?

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

2) Return distribution for asset is as listed in table below. What are the missing values if expected return is 10%?

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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M916819

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