Part A)

Addison's Arrangements has a P/E ratio of 18.5. Flowers by Lillian also has a price-earnings ratio of 18.5. Which one of the following statements must be true if Addison's has a higher PEG ratio than Flowers by Lillian?

1. Addison's Arrangements has more net income than Flowers by Lillian.

2. Flowers by Lillian is increasing its earnings at a faster rate than the Addison's Arrangements.

3. Addison's Arrangements has a higher market value per share than does Flowers by Lillian.

4. Flowers by Lillian has a lower market-to-book ratio than Addison's Arrangements.

5. Addison's Arrangements has a higher net income than Flowers by Lillian.

Part B) The market value of the equity of Riggin's Roadsters is $510,000. The balance sheet shows $34,000 in cash and $183,000 in debt, while the income statement has EBIT of $91,000, and a total of $130,000 depreciation and amortization. What is the enterprise value to EBITDA multiple for this company (use the 'net' enterprise value as defined in the text)?

Part C)

Lizard Lick Towing has sales of $445,300, COGS and SG&A totaling $200,000, depreciation expense of $93,100, and taxes paid of $80,400. A partial listing of its balance sheet accounts is as follows:

	Beginning Balance	Ending Balance
Current Assets	$131,700	$119,600
Net Fixed Assets	$712,500	$689,200
Current Liabilities	$108,900	$122,100
Long-Term Debt	$796,000	$830,500

What is the amount of Lizard Lick's cash flow from assets?

*please show all work to corresponding parts. thanks*