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The Centennial Chemical Corporation announced that...

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The Centennial Chemical Corporation announced that, for the period ending March 31, 2011, it had earned income after taxes worth $2,369,635.79 on revenues of $13,108,004. The company's costs (excluding depreciation and amortization) amounted to 61 percent of sales, and it had interest expenses of $392,168. What is the firm's depreciation and amortization expense if its tax rate is 34 percent? (Round answer to 2 decimal places e.g. 15.25. Enter negative amounts using either a negative sign preceding the number e.g. -45.25 or parentheses e.g. (45.25).)

 

Paper#2054 | Written in 18-Jul-2015

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