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Given the following financial statement information for the Kellogg Company. Calculate the enterprise value for FY2020. (Round to 2 decimals) Use the following equation: EV

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Given the following financial statement information for the Kellogg Company. Calculate the enterprise value for FY2020. (Round to 2 decimals) Use the following equation: EV = market cap + (Notes Payable + LTD - cash)*1,000,000 FY2020 FY2019 435 397 1537 1576 $ in Millions Balance Sheet Cash AR Inventories Other CA Total Current Assets Net PPE Total Assets 1284 1226 $ in Millions Income Statement FY 2020 Net Sales 13,770 COGS 9,043 SGA 2,487 Depreciation 479 EBIT 1,761 Interest expense 249 EBT 1,512 Taxes 323 Net Income 1,189 Dividend 782 Add to RE 232 3431 226 3482 14514 17996 14133 17564 727 729 2471 2387 407 2038 5238 1664 4778 9494 9934 Notes Payable (Interest-bearing) Accounts Payable Other CL Total Current Liab. Long-term debt Total liabilities Common Stock Accum RE Total Equity Total Liabilities and Equity 14712 Price 63.86 Shares Outstanding 343,950,311 14732 110 3,154 3264 105 2747 2852 17564 17996

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