Please answer using cell references

Problem 10-17 Suppose that in April 2019, Nike had EPS of $2.57 and a book value of equity of $6.23 per share. Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section. a. Using the average P/E multiple in Table 10.1, estimate Nike's share price. b. What range of share prices do you estimate based on the highest and lowest P/E multiples in Table 10.1? c. Using the average price-to-book value multiple in Table 10.1, estimate Nike's share price. d. What range of share prices do you estimate based on the highest and lowest price-to-book value multiples in Table 10.1? Table 10.1 Name Nike, Inc. Adidas AG Under Amour Puma AG Skechers U.S.A. Wolverine World Wide Steven Madden, Ltd. Rocky Brands, Inc. Market Capitalization ($ million) 134,210 50,885 9,219 9,110 5,452 3,283 2,943 189 Enterprise Value ($ million) 132,775 49,475 8,862 9,538 5,185 3,280 2,068 179 Average P/E 33.22 28.69 NM 43.42 18.04 17.83 22.84 13.13 23.99 Price/Book 13.68 6.95 4.71 9.24 6.76 21.89 1.45 1.24 7.46 Enterprise Value/Sales 3.65 1.97 1.66 4.26 3.13 3.01 0.44 0.71 2.17 Enterprise Value/ EBITDA 25.44 14.81 18.82 33.70 26.45 34.53 3.78 7.78 19.98 All Ratios as of April 2019 EPS Book value of equity $ $ 2.57 6.23 a. Using the average P/E multiple in Table 10.1, estimate Nike's share price. Nike share price estimate b. What range of share prices do you estimate based on the highest and lowest P/E multiples in Table 10.1? Highest P/E Lowest P/E Highest price estimate Lowest price estimate c. Using the average price-to-book value multiple in Table 10.1, estimate Nike's share price. Share price estimate d. What range of share prices do you estimate based on the highest and lowest price-to-book value multiples in Table 10.1? Highest price-to-book Lowest price-to-book Highest price estimate Lowest price estimate Problem 10-17 Suppose that in April 2019, Nike had EPS of $2.57 and a book value of equity of $6.23 per share. Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section. a. Using the average P/E multiple in Table 10.1, estimate Nike's share price. b. What range of share prices do you estimate based on the highest and lowest P/E multiples in Table 10.1? c. Using the average price-to-book value multiple in Table 10.1, estimate Nike's share price. d. What range of share prices do you estimate based on the highest and lowest price-to-book value multiples in Table 10.1? Table 10.1 Name Nike, Inc. Adidas AG Under Amour Puma AG Skechers U.S.A. Wolverine World Wide Steven Madden, Ltd. Rocky Brands, Inc. Market Capitalization ($ million) 134,210 50,885 9,219 9,110 5,452 3,283 2,943 189 Enterprise Value ($ million) 132,775 49,475 8,862 9,538 5,185 3,280 2,068 179 Average P/E 33.22 28.69 NM 43.42 18.04 17.83 22.84 13.13 23.99 Price/Book 13.68 6.95 4.71 9.24 6.76 21.89 1.45 1.24 7.46 Enterprise Value/Sales 3.65 1.97 1.66 4.26 3.13 3.01 0.44 0.71 2.17 Enterprise Value/ EBITDA 25.44 14.81 18.82 33.70 26.45 34.53 3.78 7.78 19.98 All Ratios as of April 2019 EPS Book value of equity $ $ 2.57 6.23 a. Using the average P/E multiple in Table 10.1, estimate Nike's share price. Nike share price estimate b. What range of share prices do you estimate based on the highest and lowest P/E multiples in Table 10.1? Highest P/E Lowest P/E Highest price estimate Lowest price estimate c. Using the average price-to-book value multiple in Table 10.1, estimate Nike's share price. Share price estimate d. What range of share prices do you estimate based on the highest and lowest price-to-book value multiples in Table 10.1? Highest price-to-book Lowest price-to-book Highest price estimate Lowest price estimate