Q: Where does the $458,574 2015 projected debt service figure come from?
A: It is the sum of 2014 CMLTD of $179,444 and projected 2015 interest expense of $279,130.
Q: On Slide 34, how did you get to the $185,856 growth added to EBITDA?
A: Compute last year's relationship of EBITDA to Sales and then multiple it by this year's sales number. The result is this year's EBITDA based on sales growth alone. Then take the difference between last year's EBITDA and this year's EBITDA. The difference is the amount attributed to growth alone without any change in EBITDA%.
Course overview: Analytical Focus in the Credit Write-up