Homework Answers
Luther's Earnings before interest, taxes, Depreciation & Amortization (EBITDA) for year ending Dec 31, 2015:
The correct option is
- D. $148.90 million.
Explanation:
From the given income statement, for the year 2015
EBIT = $145.8 million
Depreciation & Amortization = $3.1 million
That implies,
EBITDA
= EBIT + Depreciation & Amortization
= $145.8 million + $3.1 million
= $148.90 million
______×_______
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