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reposting if you don't come with different numbers plz don't answer so I don't lose my question. thanks Consider the following balance sheet and income
reposting if you don't come with different numbers plz don't answer so I don't lose my question. thanks
Consider the following balance sheet and income statement for Mmm Good Foods Incorporated (the company that operates Tasty Fried Chicken and Pizza Party), in condensed form, including some information from the cash flow statement: (amounts are in millions) Mmm Good Foods Incorporated 2019 $ 722 388 54 462 4,104 $ 5,730 $ 1,459 11,170 Balance Sheet Cash and short-term Investments Accounts receivable Inventory Other current assets Long-lived assets Total assets Current liabilities Total liabilities Noncontrolling interest Shareholders' equity Total liabilities and equity Income Statement Sales Cost of sales Gross margin Earnings before interest and taxes Interest Taxes Income from discontinued operations Net income Share price (5,440) $ 5,730 $ 6,546 3,588 $ 2,958 $ 1,643 325 342 607 $ 1,583 $ 81 5.91 356.8 Earnings per share Number of outstanding shares (millions) Cash Flows Cash flow from operations Capital expenditures Dividends $ 1,222 404 784 Required: Determine the valuation of the company at the end of 2019 using each of the following three methods. Assume earnings and cash flows for the coming 10 years are equal to the earnings and cash flows in 2019; the appropriate free cash flow multiple is 23.4. (Enter your answers in millions rounded to nearest whole number.) a. Market capitalization. b. Enterprise value. c. Free cash flow multiple. Answer is complete but not entirely correct. a. b. Market capitalization Enterprise value Free cash flow multiple $ 28,901 million $ 28,179 X million $ 19,141 x million CStep by Step Solution
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