Non-operating activities include interest expenses, tax rates, and large non-cash items such as depreciation and amortization. By removing the non-operating effects, EBITDA gives investors the ability to focus on the profitability of their operations.
Thomas Edison once speculated: Genius is one percent inspiration and ninety-nine percent perspiration.
Many sources point to an American psychologist of the early 1900s named William James, who said that the average person rarely achieves but a small portion of his or her potential [source: AARP ]. Somehow, that was converted into only using 10 percent of our brain.