Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based on the information in the table, what is the share price when the enterprise value to sales (EV/Sales) multiple of a comparable company is

Based on the information in the table, what is the share price when the enterprise value to sales (EV/Sales) multiple of a comparable company is 2.4x?

Income Statement Millions Sales $3,000 EBITDA $2,200 EBIT $1,750 Net Income $1,100 Balance Sheet Millions Cash and Cash Equivalents $120 Short Term Interest Bearing Debt $210 Long Term Interest Bearing Debt $850 BV Equity $1,500 Shares Outstanding in Millions 100 Share Price

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

Evaluating The Effectiveness On Internal Audit Departments

Authors: W. Steve Albrecht, Keith R. Howe, Dennis R. Schueler, Kevin D. Stocks

1st Edition

089413177X, 978-0894131776

More Books

Students also viewed these Accounting questions

Question

Explain the difference between a duciary and an agency relationship

Answered: 1 week ago

Question

recognise typical interviewer errors and explain how to avoid them

Answered: 1 week ago

Question

identify and evaluate a range of recruitment and selection methods

Answered: 1 week ago

Question

understand the role of competencies and a competency framework

Answered: 1 week ago