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.
Drew is credited by many with 3Mâs subsequent establishment of the â15% rule,â a workplace policy by which employees are encouraged to spend up to 15% of their paid time on projects of their own devising. Call it âcreating a culture of innovationâ or just call it dream time, it works.