Use the table for the question(s)below.

-Refer to the income statement above.Luther's earnings before interest,taxes,depreciation,and amortization (EBITDA)for the year ending December 31,2015 is closest to:
A)$10.6 million
B)$19.7 million
C)$37.6 million
D)$41.2 million
E)$44.8 million

Question

Use the table for the question(s)below.
 
-Refer to the income statement above.Luther's earnings before interest,taxes,depreciation,and amortization (EBITDA)for the year ending December 31,2015 is closest to:
A)$10.6 million 
B)$19.7 million 
C)$37.6 million 
D)$41.2 million 
E)$44.8 million

Quizplus · Accepted Answer

EBITDA is calculated by adding back interest, taxes, depreciation, and amortization to net income. Without the specific income statement details, the exact calculation process can't be demonstrated, but the correct answer is chosen based on the information provided in the question.

Use the Table for the Question(s)below