Condensed income statements for Comcast Corp., the largest U.S. cable operator, and DirecTV Group, Inc., a satellite-based entertainment company, for a recent year are provided below (in millions).

a. Determine EBITDA for each company.
b. Determine EBITDA divided by revenues for each company.
c. Compare and contrast Comcast with DirecTV based on your answers to parts (a) and(b).

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DirecTV Group Inc. Revenues Operating expenses (excluding depreciation) Selling, general, and administrative expenses Depreciation expense Amortization expense Total expenses Operating income (loss) Interest income (expense) Income (loss) before tax Income tax (expense) benefit Net income Comcast Corp. $20,307 7,462 5,314 3,420 1,203 $17,399 2,908 8,668 3,973 670 168 $13,479 $(2,119) 359 $(1,760) 704 $(1,056) 1,796 (826) $970