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Parrino Company Has Announced That Its Profit for the Year

Question 36

Multiple Choice

Parrino Company has announced that its profit for the year ended June 30, 2013, is $1,824,214. The company had an EBITDA of $ 5,174,366, and its depreciation and ?mortization expense was equal to $1,241,790. The company's tax rate is 30 percent. What is the amount of interest expense for the company?


A) $2,763,961
B) $939,747
C) $1,187,720
D) $1,326,556

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