Breaking Down The PIA Ratios --Dickeson

Years ago Peter Drucker said the three tasks of management are liquidity, productivity and tomorrow. We've learned the deceptions of job cost accounting and the irrelevancy of general ledger accounting. What's left? Cash. Do we have more than we started with? EBITDA measures earnings before interest and taxes, but those two are paid from cash. So let's name it just EBDA for earnings before depreciation and amortization.