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Hi, I have worked through questions 1-4. I'm stuck on questions 4-10. If anyone could please help that would be greatly appreciated. Thank you!! Use
Hi, I have worked through questions 1-4. I'm stuck on questions 4-10. If anyone could please help that would be greatly appreciated. Thank you!!
Use the following information about Company X to help answer problems 1-10. Company X went public at the start of 2016; $100M shares of stock were issued at $18.60 per share. At the end of 2016, Company X traded at $20.00 per share. During 2017, Company X raised $100M by issuing additional shares of stock at $20.00 per share. At the end of 2017, Company X traded at $20.46 per share. A complete list of financial statement line items was extracted from Company X's 2016 and 2017 10k and is presented in the table below. Assume Company X did not sell any long term assets during the first two years of the company's operations. Dec-17 Dae-16 300 400 400 400 300/ 2800 in USD millions) Accounts Payable Accounts Receivable Cash Current Portion of LT Debt Dividends Gross PPE Interest Expense Inventory Long Term Debt Marketable Securities Net Income Net PPE Operating income Soles Shares issued (Repurchased) 800 1100 60 600 1000 100 140 2000 320 150 234ol 340 1700 100 1600 1. In 2016, Company X's Return on Equity, where ROE=NI/EOY SE, is closest to: a. 6.4% b. 6.7% C. 7.0% d. 7.4% e. 7.5% 2. In 2016, Company X's EBITDA is closest to: a. $320M b. $440M C. $460M d. $520M e. $640M 3. At the end of 2016, Company X's P/S ratio is closest to a. 0.80 b. 1.09 C 1.16 d. 1.18 e. 1.25Step by Step Solution
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