Answered step by step
Verified Expert Solution
Question
1 Approved Answer
6) Lotharan Corp. has yearly sales of $31.5 million and costs of $17.3 million. The company's balance sheet shows debt of $59 million and cash
6) Lotharan Corp. has yearly sales of $31.5 million and costs of $17.3 million. The company's balance sheet shows debt of $59 million and cash of $21 million. There are 975,000 shares outstanding, and the industry EV/EBITDA multiple is 7.5. What is the company's enterprise value? What is the stock price per share?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started