hard · Private Equity & LBOs

A company has $100.0M in Revenues,$60.0M in COGS, and $20.0M in Operating Expenses.

If Depreciation (included in OpEx) is $5.0M, what is the EBITDA?

  1. $25.0M
  2. $20.0M
  3. $15.0M
  4. $40.0M

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