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points After taking FINC 434. Nancy and Matt have decided to use pricing multiples to value Crazy Inc. and Lazy Inc. respectively. Both companies are

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points After taking FINC 434. Nancy and Matt have decided to use pricing multiples to value Crazy Inc. and Lazy Inc. respectively. Both companies are private and operate in hospitality industry. Nancy picks Crazy Inc. which has 100 shares outstanding and $246 of earnings. Using average Industry PE ratio she computes that stock price for Crazy Inc is $29.52 Matt picks Lazy Inc, which has 100 shares outstanding too. Using the same PE ratio as Nancy does, he finds that stock price for Lazy Inc. is $38.88. Compute earnings of Lazy. Show your steps. For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Mac)

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