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The TEV/ EBITDA ratio is 36.9x in Exhibit 4 for the Four Seasons. Does the data in Exhibit 4 support this multiple? THE TEV/EBITDA ratio
- The TEV/ EBITDA ratio is 36.9x in Exhibit 4 for the Four Seasons. Does the data in Exhibit 4 support this multiple? THE TEV/EBITDA ratio is 11.7x for the Hilton. Does the data in Exhibit 4 support this?Does the literature support the TEV/EBITDA ratio? What is the internal validity of the method? (Hint: consider the ratio method applied in the Prescott case and associated criticism). Should tax be excluded from the denominator of this ratio?
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Fundamentals Of Accounting
Authors: Claudia Gilbertson
10th Edition
1111581169, 978-1111581169
