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Lululemon's summary financial statements are shown below: shown below: Lululemon (all numbers are in millions) Total Revenue Cost of Goods Sold Depreciation Selling General and
Lululemon's summary financial statements are shown below:
shown below: Lululemon (all numbers are in millions) Total Revenue Cost of Goods Sold Depreciation Selling General and Administrative EBIT Interest Expense Net Income 2018 3,288 1,472 122 1,110 739 24 484 2019 3,979 1,756 162 1,334 963 65 646 881 294 40 Cash and Cash Equivalents Net Receivables Inventory Net Fixed Assets Notes Payable Accounts Payable Long Term Debt Stockholders' Equity ' 36 405 1,429 270 96 670 1,446 519 1,808 228 80 711 1,952 Number of Shares Outstanding 130 131 LULU trades at: $ 113.65 per Share in 2019 and using only the information above: a) What is the Price/Earnings Ratio in 2019? b) What is the Market Value of the Enterprise in 2019? c) What is the Enterprise Value/EBITDA Multiple in 2019? d) New Balance Corp., also a levered sports apparel business, has the following limited select data (in Millions) Revenues: $2,030 EBITDA: $514 Net Income: $323 Depreciation: $50 Cash: $300 Number of Shares Outstanding: 450 Using one of the multiples calculated above, and only the information given above, what would you expect New Balance's share price to trade atStep by Step Solution
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