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Altamimi Company’s net income for the year 2000, is $3,700,214. The company had an EBITDA of $ 10,125,300, and its depreciation and amortization expense was equal to $2,543,790. The company’s average tax rate is 35 percent.
a. What is the amount of interest expenses for the firm? (Show the details of your calculations).
b. Prepare a common sized Income Statement if sales equal $12,000,000.
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