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For this question, please refer to the Fact Pattern below. Given the set of transactions in the fact pattern, what was EBITDA in 2021? Given
For this question, please refer to the Fact Pattern below. Given the set of transactions in the fact pattern, what was EBITDA in 2021? Given the set of transactions above, what was Adjusted EBITDA in 2021?
\begin{tabular}{lr} \hline Activities during the year: & 2021 \\ \hline Capital expenditures & 580.0 \\ Cost of Goods Sold (excluding D\&A) & 3,256.0 \\ Dividend Payout Ratio (dividends / net income to common shareholders) & 40% \\ Income Tax & 35% \\ Net Interest Expense & 45.6 \\ Net Revenues & 5,800.0 \\ Non-controlling Interest Expense (After-Tax) & 25.0 \\ Litigation Expense & 97.0 \\ Other Operating Expenses (excluding D\&A) & 16.5 \\ Purchases of intangible assets & 45.0 \\ Preferred dividends & 5.0 \\ Research And Development (excluding D\&A) & 56.3 \\ Proceeds from sale of land with book value of \$15 & 20.0 \\ Selling, General, \& Administrative (excluding D\&A) & 1,488.0 \\ Write-down of PP\&E & 7.0 \end{tabular}Step by Step Solution
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