Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please calculate the transaction multiple of EBITDA. On December 31, 20X1, Comps-R-Us acquired the remaining 70.00% of the outstanding shares of Training Corp. that it
Please calculate the transaction multiple of EBITDA. On December 31, 20X1, Comps-R-Us acquired the remaining 70.00% of the outstanding shares of Training Corp. that it did not previously own for $600 million. Training Corp. had no options outstanding and $120.0 million of net debt as of 12/31/X1. Training Corp. 20X1 results were: EBITDA $82.8 million $41.7 million Net Income
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