Question
JamJum Inc provides financial reports showing a net income of R2 500 000, interest paid of R200 000, and taxes of R300 000. Also, its
JamJum Inc provides financial reports showing a net income of R2 500 000, interest paid of R200 000, and taxes of R300 000. Also, its market capitalisation is R4 000 000, total debt of R500 000, minority interests worth R200 000, and cash and cash equivalents of R300 000. Calculate JamJum Incs EBIT multiple.
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Intermediate Accounting Volume 1
Authors: Kin Lo, George Fisher
4th Edition
013523610X, 9780135236109
