I just had to post one more from Quest. They explain what EBITDA is, an acronym that is thrown around a lot today.
During my Financial Accounting class with prof Gary Cunningham, I asked him why there are so many ways to show ones profit in a yearly report. He looked at me and said that it depends how bad ones year has been. Apple does not need to use it since they have had a terrific year, with earnings going up. Others whose stocks have gone down and has nothing to show, uses to EBITDA since their numbers will look better.
Watch the video.
