Western Digital Corporation (NYSE: WDC) manufactures hard disk drives. Exhibit 18 presents the company’s consolidated balance sheet as of 29 March 2013.

The balance sheet is labeled as unaudited because it is a quarterly balance sheet and US companies are required to have audits only for their annual financial statements.
From WDC’s financial statements, the income statement and statement of cash flows for the year ended 29 June 2012 and for the nine months ended 29 March 2013 and 30 March 2012 provided the following items (in millions):

The company’s share price as of 1 July 2013 was $63.06. Based on the above information, calculate EV/EBITDA.

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EXHIBIT 18 Western Digital Corporation Condensed Consolidated Balance Sheet (in Millions except Par Values; Unaudited) Assets Current assets: Cash and cash equivalents Accounts receivable, net Inventories $4,060 1,700 1,197 (continued)