Question: Calculate JCP's Adjusted Operating Income and EBITDA (using format below). Reading the Word document posted on BlackBoard, adjusting for non-recurring items will help answer this

 Calculate JCP's Adjusted Operating Income and EBITDA (using format below). Reading

the Word document posted on BlackBoard, "adjusting for non-recurring items" will help

Calculate JCP's Adjusted Operating Income and EBITDA (using format below). Reading the Word document posted on BlackBoard, "adjusting for non-recurring items" will help answer this question. wing items: 1) The company's higher level of markdowns and inventory reserves related to the company's new strategy * Page 25 - Gross Margin 2) $148 million pension settlement charge described on page 72 3) Net gain on sale or redemption of non-operating assets * page 27 - Real Estate and Other 4) Expense associated with store impairments * page 27 - Real Estate and Other 5) Expense associated with operating asset impairments * page 27 - Real Estate and Other 6) Expense associated with restructuring and management transition * page 28 - Restructuring and Management Transitions Calculate JCP's Adjusted Operating Income and EBITDA (using format below). Reading the Word document posted on BlackBoard, "adjusting for non-recurring items" will help answer this question. wing items: 1) The company's higher level of markdowns and inventory reserves related to the company's new strategy * Page 25 - Gross Margin 2) $148 million pension settlement charge described on page 72 3) Net gain on sale or redemption of non-operating assets * page 27 - Real Estate and Other 4) Expense associated with store impairments * page 27 - Real Estate and Other 5) Expense associated with operating asset impairments * page 27 - Real Estate and Other 6) Expense associated with restructuring and management transition * page 28 - Restructuring and Management Transitions

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