FFDP Corp. has yearly sales of $43 million and costs of $14 million. The companys balance sheet
Question:
FFDP Corp. has yearly sales of $43 million and costs of $14 million. The company’s balance sheet shows debt of $58 million and cash of $19 million. There are 1.85 million shares outstanding and the industry EV/EBITDA multiple is 6.4. What is the company’s enterprise value? What is the stock price per share?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (6 reviews)
a EV 185 million shares 43 ...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Corporate Finance
ISBN: 9781260772388
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
Question Posted:
Students also viewed these Business questions
-
FFDP Corp. has yearly sales of $28 million and costs of $12 million. The companys balance sheet shows debt of $54 million and cash of $18 million. There are 950,000 shares outstanding and the...
-
FFDP Corp. has yearly sales of $42 million and costs of $13 million. The company's balance sheet shows debt of $64 million and cash of $21 million. There are 1,750,000 shares outstanding and the...
-
FFDP Corp. has yearly sales of $48 million and costs of $15 million. The companys balance sheet shows debt of $64 million and cash of $23 million. There are 1.95 million shares outstanding and the...
-
Carol Simon, the manager of Handy Plumbing has provided you with the following aging schedule for Handys accounts receivable: Carol indicates that the $125,200 of accounts receivable identified in...
-
Consider the leaf spring experiment in Exercise 14.9. Rework this problem, assuming that factors A, B, and C are easy to control but factors D and E are hard to control. Using equations (14.6) and...
-
Rene St. Clair is a 28-year old occupational therapist living in the Annex district of Toronto. She recently graduated from the University of Toronto and now works as an independent contractor...
-
A piece of a satellite falls to the ground from a height of \(10,000 \mathrm{~m}\). Ignoring air resistance, find the height as a function of time. [For free fall from large distances,...
-
Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Instructions Indicate the missing amount for each letter. Assume that in all cases manufacturing...
-
EBV is considering an investment in Softco, an early-stagesoftware company. If Softco can execute on its business plan, thenEBV estimates it would be ?ve years until a successful exit, whenSoftco 2...
-
Target purchases home goods made by a supplier in China.Targets stores in the United States sell 200,000 units of home goods each month. Each unit costs $10 and the company has an annual holding cost...
-
Given that Bit Digital was up by about 3,688 percent for 2020, why didnt all investors hold Bit Digital?
-
Consider the following information: a. Your portfolio is invested 30 percent each in A and C and 40 percent in B. What is the expected return of the portfolio? b. What is the variance of this...
-
EastJet Airlines reported a $1-million loss for the year ended December 31, 2019. After financial restructuring in 2022, EastJet continued to report losses, and it reported a $900,000 loss for the...
-
State the decision rule using hypothesis testing for difference estimation. Assume the confidence interval at a 95% confidence level is \($25,000\) \($15,000\) and a materiality limit of...
-
Why should QA personnel seek to avoid disputes over detail when monitoring compliance with the quality assurance plan prepared for a specific information systems project?
-
Relative to other stakeholders, why should QA personnel have primary responsibility for identifying where the information systems function can be improved?
-
What is a check digit? Calculate the check digit for the number 82942 using the weights \(1-2-1-2-1\) and modulus 10 . Show, also, that the check digit you have calculated is correct.
-
What actions should QA personnel take when they identify a compliance failure in terms of a project's quality assurance plan?
-
Nor-Pharma AS manufactures three joint products from a joint process: Altox, Lorex and Hycol. Data regarding these products for the fiscal year ended 31 May 2008 are as follows: The joint production...
-
Using Gauss-Jordan elimination, invert this matrix ONLY 0 0 0 0 1
-
What is the impact of lengthening the time to expiration on an option's value? Explain.
-
What is the impact of lengthening the time to expiration on an option's value? Explain.
-
Why does the value of a share of stock depend on dividends? (150 words)
-
Question 33 Solve the problem. 1 Point The population of coyotes in the northwestern portion of Alabama is given by the formula p(t)-(2+100) In(t + 2). where t represents the time in years since 2000...
-
Which company has the least efficient SG&A/Sales ratio?Select: 1 Chester 2. Andrews ' 3. Digby 4.Baldwin In the Month of March, Chester received orders of 106 units at a price of $15.00 for their...
-
On January 1, 20X7, the ledger of Conglomo Corporation correctly showed supplies inventory of $1,000. During 20X7, supplies purchases amounted to $6,000. A count (inventory) of supplies on hand at...
Study smarter with the SolutionInn App