Valuation Using an Income Statement Multiple JAKKS Pacific Inc., a toy manufacturer, reports net income for the
Fantastic news! We've Found the answer you've been seeking!
Question:
Valuation Using an Income Statement Multiple
JAKKS Pacific Inc., a toy manufacturer, reports net income for the recent twelve months of $14.73 million. JAKKS’ has 20.05 million shares outstanding. The industry average PE (using the trailing twelve months earnings) for its competitors is 22.17. Using this industry average PE, estimate the intrinsic value of JAKKS Pacific’s equity.
Do not round until your final answer. Round answer to two decimal places.
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Solve Problem Graphically to two decimal places using a graphing calculator. 7 + 3x - 2x2 = 0
-
Solve Problem Graphically to two decimal places using a graphing calculator. 3.4 + 2.9x - 1.1x2 0
-
Solve Problem Graphically to two decimal places using a graphing calculator. 1.8x2 - 3.1x - 4.9 > 0
-
A bartender employed in a licensed establishment over-serves a patron. As a result of the over-service, the patron physically assaults another patron by striking him with a beer bottle. Identify and...
-
As required by GAAP [FASB ASC 320, previously SFAS No. 115], Microsoft Corporation reports its investments available-for-sale at the fair value of the investment securities. The net unrealized...
-
Jill Motta, president of Motta Company, has instructed Linda Berger, the head of the accounting department for Motta Company, to report the companys land in the companys accounting reports at its...
-
What problems can occur with encoding a message?
-
The book balance in the checking account of Lyles Salon as of November 30 is $3,282.95. The bank statement shows an ending balance of $2,127.00. By examining last months bank reconciliation,...
-
Question 2 7 1 p t s Three Gray Ladies, Inc. had the following activities during the year. What would be reported on the Statement of Cash Flows as the net cash flow from investing activities? Sold...
-
McGee Carpet and Trim installs carpet in commercial offices. Andrea McGee has been very concerned with the amount of time it took to complete several recent jobs. Some of her workers are very...
-
Rina would like to update the digital portfolio to better highlight personal skills and abilities. Which of the following best emphasizes Alexis's skills? I have excellent communication skills and...
-
Assuming a routine manufacturing activity, present journal entries (account titles only) for each of the following transactions: a. Purchased material on account. b. Recorded wages payable earned but...
-
The following summary data are from the job order cost sheets of Hampton Company: Using the above data, compute (a) the finished goods inventory at May | and May 31, (b) the work in process inventory...
-
Reston Manufacturing Corporation produces a cosmetic product in three consecutive processes. The costs of Department | for May 2016 were as follows: Department | handled the following units during...
-
Selected data for the consulting department of Austin Consulting, Inc., follow: Assuming that direct labor cost is the basis for applying consulting overhead, a. Calculate the predetermined overhead...
-
On January 1, 2011, Arizona Enterprises purchased a parcel of land for \(\$ 16,000\) cash. At the time of purchase, the company planned to use the land for a warehouse site. In 2013, Arizona...
-
Which of the following does not respresent a constraint described in Dempster's triangle? Question 6 options: During the implementation phase the head of marketing requests new features be added. Proj
-
Tell whether the angles or sides are corresponding angles, corresponding sides, or neither. AC and JK
-
Determine product mix for retailer (Learning Objective 5) Vivace sells both designer and moderately priced fashion accessories. Top manage ment is deciding which product line to emphasize....
-
Identify constraint, then determine product mix (Learning Objective 5) Lifemaster produces two types of exercise treadmills: Regular and Deluxe. The exercise craze is such that Tifemaster could use...
-
Make-or-buy product component (Learning Objective 6) Fiber Systems manufactures an optical switch that it uses in its final product. Fiber Systems incurred the following manufacturing costs when it...
Study smarter with the SolutionInn App