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-Parrino Corporation Has Announced That Its Net Income for the Year

Question 31

Multiple Choice

-Parrino Corporation has announced that its net income for the year ended June 30, 2008, is $1,824,214. The company had an EBITDA of $5,174,366, and its depreciation and amortization expense was equal to $1,241,790. The company's average tax rate is 34 percent. What is the amount of interest expense for the firm? A) $2,763,961 B) $939,747 C) $1,187,720 D) $1,168,615
-Parrino Corporation has announced that its net income for the year ended June 30, 2008, is $1,824,214. The company had an EBITDA of $5,174,366, and its depreciation and amortization expense was equal to $1,241,790. The company's average tax rate is 34 percent. What is the amount of interest expense for the firm?


A) $2,763,961
B) $939,747
C) $1,187,720
D) $1,168,615

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