Suppose that in July 2013, Nike Inc. had sales of

$25,314

million, EBITDA of

$3,246

million, excess cash of

$3,335

million,

$1,391

million of debt, and

901.1

million shares outstanding.

	P/E	Price/Book	Enterprise/ValueSales	Enterprise Value/EBITDA
Average	29.84	2.44	1.12	9.76
Maximum	+136%	+70%	+55%	+86%
Minimum	62%	63%	48%	34%

a. Using the average enterprise value to sales multiple in the table above, estimate Nike's share price.

b. What range of share prices do you estimate based on the highest and lowest enterprise value to sales multiples in the table above?

c. Using the average enterprise value to EBITDA multiple in the table above, estimate Nike's share price.

d. What range of share prices do you estimate based on the highest and lowest enterprise value to EBITDA multiples in the table above?

a. Using the average enterprise value to sales multiple in the table above, estimate Nike's share price.

Nike's share price using the average enterprise value to sales multiple will be

$nothing.

(Round to the nearest cent.)

b. What range of share prices do you estimate based on the highest and lowest enterprise value to sales multiples in the table above?

The range of prices using the average enterprise value to sales multiple is as follows:

The highest price will be

$nothing.

(Round to the nearest cent.)The lowest price will be

$nothing.

(Round to the nearest cent.)

c. Using the average enterprise value to EBITDA multiple in the table above, estimate Nike's share price.

Nike's share price using the average enterprise value to EBITDA multiple will be

$nothing.

(Round to the nearest cent.)