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Net income (mil) 214 1,567 12,470 Firm Fast Air Southeastern Airlines Western Skies Northern Winds East Frontiers Southern Ventures Slow Motion Sweet Tracks Wild Adventures

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Net income (mil) 214 1,567 12,470 Firm Fast Air Southeastern Airlines Western Skies Northern Winds East Frontiers Southern Ventures Slow Motion Sweet Tracks Wild Adventures World Horizons Value/Sales 1.02 0.87 1.44 0.73 0.80 5.14 1.05 1.67 10.90 P/E Ratio 7.70 10.50 11.40 5.80 4.90 9.20 -9.17 5.37 Sales (mil) 7,286 17,879 35,580 2,023 5,450 21,373 10,900 12,200 1,029 11,561 790 5,890 -105 2,880 357 2,550 44.19 Calculate the value of World Horizons using the median P/E ratio of its

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