EBITDA measures a company\'s a) liquidity b) net profit c) indebtedness d) operating results before cost of capital, taxes, and non-cash items Solution Liquidity:- Accounting Liquidity means with which an individual or company can meet their financial obligation with liquid assets available to them. Net Profit:- Net profit is also called net earnings it is also a measure of the profitability of organization after accounting for all cost. All other expenses such as taxes & interest paid on debt. Indebtedness:-It is the total amount owed. EBITDA: It is the measure of company’s operating profitability. A company’s earnings before interest, taxes, depreciation and amortization commonly known as EBITDA. Correct Answer is (d).