FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

14 Lassiter Motors has a debt-equity ratio of 0.45 and total debt of $186,000. The firm's market-to-book ratio is 2.6. The earnings before interest and

image text in transcribed
14 Lassiter Motors has a debt-equity ratio of 0.45 and total debt of $186,000. The firm's market-to-book ratio is 2.6. The earnings before interest and taxes is S$69,200, interest is $26,400, depreciation and amortization total $87,100, and the tax rate is 34 percent. What is the firm's EV to EBITDA ratio if the firm has $31,000 in cash

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elements Of Structured Finance

Elements Of Structured Finance

Authors: Ann Rutledge, Sylvain Raynes

1st Edition

0195179986, 978-0195179989

More Books

Students also viewed these Finance questions

Question

★★★★★
An HCI molecule vibrates with a natural frequency of 8.1 x 1013 Hz. What is the difference in energy (in joules and electron volts) between possible values of the oscillation energy?

Answered: 1 week ago

Question

★★★★★
What has been the relation between the amount of oil that is consumed in a given year and the price of that oil? What might be a reason for that?

Answered: 1 week ago

Question

★★★★★
Stanley-Morgan Industries adopted a defined benefit pension plan on April 12, 2011. The provisions of the plan were not made retroactive to prior years. A local bank, engaged as trustee for the plan...

Answered: 1 week ago

Question

★★★★★
One year ago, your company purchased a machine used in manufacturing for 390,000 You have leamed that a new machine is avalatie that ofors many advantages and you can purchase if for $140,000 todity....

Answered: 1 week ago

Question

★★★★★
Suppose you purchase a ten-year bond with 12% annual coupons.You hold the bond for four years and sell it immediately after receiving the fourth coupon. If the bond's yield to maturity was 11.11%...

Answered: 1 week ago

Question

★★★★★
How do you determine the load-bearing capacity of a soil?

Answered: 1 week ago

Question

★★★★★
what is Edward Lemieux effect / Anomeric effect ?

Answered: 1 week ago

Question

★★★★★
Define Management by exception

Answered: 1 week ago

Question

★★★★★
Explain the importance of staffing in business organisations

Answered: 1 week ago

Question

★★★★★
6. Discuss the relationship between nonverbal communication and power.

Answered: 1 week ago

Question

★★★★★
1. Understand how verbal and nonverbal communication differ.

Answered: 1 week ago

Question

★★★★★
9. Explain why it is important to understand cultural spaces in intercultural communication.

Answered: 1 week ago

Previous Question Next Question