FIN-650 Module 2 DQ 2 – Problem 2-4 – Income Statement
Managerial Finance – Understanding Financial Statements
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This discussion thread will be used to discuss the practice problems completed in this module. After completing the problems, submit your answers to the instructor. Your instructor will specify which problems will be reviewed for discussion. Post your answers to the posted problem to this discussion thread and discuss any challenges you had with completing the problems, tips that helped you arrive at the correct answers, and/or questions you may still have.
Problem 2-4 – Income Statement
Given data: EBITDA: $8million, net income: $2.4 million, $2,0 million interest expense, corporate tax rate = 40%. Find the charge for depreciation and amortization.
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