Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Kurts Interiors has annual revenue of $506,000 with costs of $369,400. Depreciation is $64,900 and the tax rate is 34 percent. The firm has debt
Kurts Interiors has annual revenue of $506,000 with costs of $369,400. Depreciation is $64,900 and the tax rate is 34 percent. The firm has debt outstanding with a market value of $240,000 along with 7,500 shares of stock that is valued at $87 a share. The firm has $51,200 of cash, all of which is needed to run the business. What is the firms EV/EBITDA ratio?
Group of answer choices
6.15
6.53
6.37
5.39
6.28
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