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Consider the following balance sheet and income statement for Mmm Good Foods Incorporated ( the company that operates Tasty Fried Chicken and Pizza Party )
Consider the following balance sheet and income statement for Mmm Good Foods Incorporated the company that operates Tasty Fried Chicken and Pizza Party in condensed form, including some information from the cash flow statement: amounts are in millions
tableBalance Sheet,tableMmm GoodFoodsIncorporatedCash and shortterm Investments,$Accounts receivable,InventoryOther current assets,Longlived assets,Total assets,$Current liabilities,"$ $tableTotal liabilitiesNoncontrolling interestShareholders equity,Total liabilities and equity,$tableIncome StatementSSales$Cost of sales,Gross margin,$Earnings before interest and taxes,$ $ InterestTaxesIncome from discontinued operations,Net income,$Share price,Earnings per share,tableNumber of outstanding shares millionsCash FlowsCash flow from operations,$Capital expenditures,Dividends
Required:
Determine the valuation of the company at the end of using each of the following three methods. Assume earnings and cash flows for the coming years are equal to the earnings and cash flows in ; the appropriate free cash flow multiple is Enter your answers in millions rounded to nearest whole number.
a Market capitalization.
b Enterprise value.
c Free cash flow multiple.
tableaMarket capitalization,million,bEnterprise value,,millioncFree cash flow multiple,,million
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