Answered step by step
Verified Expert Solution
Question
1 Approved Answer
FFDP Corp. has yearly sales of $29 million and costs of $13.9 million. The company's balance sheet shows debt of $55 million and cash of
FFDP Corp. has yearly sales of $29 million and costs of $13.9 million. The company's balance sheet shows debt of $55 million and cash of $39 million. There are 1,960,000 shares outstanding and the industry EV/EBITDA multiple is 8.5. What is the company's enterprise value? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) What is the stock price per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Enterprise value Stock price 57.75
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