*Just need the two parts that i have incorrect!*

Balance Sheet December 31 2019 Cash $ 270, eee Accounts receivable 160.ea9 Inventory 395,820 Total current assets $ 825,800 Long-lived assets 1,740, 808 Total assets $2,565, eee Current liabilities 320, eee Long-term debt 900, 800 Shareholders' equity 1,345, Total debt and equity $2,565, eee 2018 $ 145,000 235. 185,800 $ 565,800 1,680,000 $2,165,000 275, eee 980,000 990, $2,165,000 Income Statement For the years ended December 31 2019 Sales $3,680,000 Cost of sales 2,780, eee Gross margin 980, 800 Operating expenses 510,890 Operating income 399.eae Taxes 136,500 Net income $ 253,500 2018 $3,780,000 2,800, 800 gee.eeg 340, 800 560.000 196,898 $ 364,899 Cash Flow from Operations $ 2018 364.ee 180,000 Net income Plus depreciation expense + Decrease (-increase) in accounts receivable and inventory + Increase (-decrease) in current liabilities Cash flow from operations 2019 $ 253,500 110.800 (135,00) 45,800 $ 273,500 $ 464,892 "Operating expenses include depreciation expense. Additional financial information, including industry averages for 2019, where appropriate, includes: Industry 2019 35.8% 2019 2018 $ 95,800 $ 280,000 35% 35% $ 110,eee $ 180, eee $ 40, eee $ 40,000 $ 3.25 $ 4 1,980,000 1,980,000 25.00 1.50 18.00 9.00 Capital expenditures Income tax rate Depreciation expense Dividends Year-end stock price Number of outstanding shares Sales multiplier Free cash flow multiplier Earnings multiplier Cost of capital Accounts receivable turnover Inventory turnover Current ratio Quick ratio Cash flow from operations ratio Free cash flow ratio Gross margin percentage Return on assets (net book value) Return on equity 5% 11. le 18.se 2.30 1.90 1.29 1.19 30.2% 20.8% 30.8% Operating expenses include depreciation expense. Additional financial information, including industry averages for 2019, where appropriate, includes: Industry 2019 $ 2018 280,000 35.8% 2019 $ 95,800 35% $ 119,800 $ 40,00 3.25 1,980,000 $ 180,000 $ 40, $ 4 1,980,000 25.99 1.50 18.00 9.09 Capital expenditures Income tax rate Depreciation expense Dividends Year-end stock price Number of outstanding shares Sales multiplier Free cash flow multiplier Earnings multiplier Cost of capital Accounts receivable turnover Inventory turnover Current ratio Quick ratio Cash flow from operations ratio Free cash flow ratio Gross margin percentage Return on assets (net book value) Return on equity 11.10 10.50 2.30 1.90 1.29 1.19 30.8% 20.8% 30.8% Requlred: Develop a business valuation for Williams Company for 2019 using the following methods: (1) book value of equity. (2) market value of equity. (3) discounted cash flow (DCF). (4) enterprise value, and (5) all the multiples-based valuations for which there is an industry average multiplier. For the calculation of the DCF valuation, you may use the simplifying assumption that free cash flows will continue ndefinitely at the amount in 2019. Answer is complete but not entirely correct. $ 1,345,000 6,175,000 227,143 X 6,805,000 Book value of equity Market value of equity Discounted free cash flows Enterprise value Multiples-based valuation Earnings multiple Free cash flow multiple Sales multiple 2.281,500 4,923,000 5,400.000