Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets Liabilities Current Liabilities Accounts payable Notes payable/short-term debt 50 22 17 89 42 7 Total current liabilities 49 Long-Term Liabilities Long-Term Assets Net property, plant, and equipment 121 Total long-term assets 121 Long-term debt Total long-term liabilities Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 128 128 177 33 Total Assets 210 210 Income Statement Total sales 312 Costhof sales -210 Gross Profit 102 Selling, general, and administrative expenses -34 Research and development -10 Depreciation and amortization -5 Operating Income 53 Other income Earnings before interest and taxes (EBIT) 53 Interest income (expense) Pretax income 33 Taxes -8 Net Income 25 - -20 Refer to the income statement and the balance sheet above. Assume all data is in $ million. If the company has 50 million shares outstanding trading at $20 each on stock exchange, what is your estimate of EV-to-EBITDA (Enterprise Value / EBITDA)? 3 Gross Profit 102 Selling, general, and administrative expenses -34 Research and development -10 Depreciation and amortization -5 Operating Income 53 Other income Earnings before interest and taxes (EBIT) 53 Interest income (expense) Pretax income 33 Taxes -8 Net Income 25 -20 Refer to the income statement and the balance sheet above. Assume all data is in $ million. If the company has 50 million shares outstanding trading at $20 each on stock exchange, what is your estimate of EV-to-EBITDA (Enterprise Value / EBITDA)? O 2.0 O 3.5 0 4.1 O 3.2 O 2.7