Question
Valuation Using a Balance Sheet Multiple McDonalds Inc. reports total book value of $640 million and common shares outstanding of 853.36 million. The average PB
Valuation Using a Balance Sheet Multiple
McDonalds Inc. reports total book value of $640 million and common shares outstanding of 853.36 million. The average PB ratio for restaurant companies is 10.9. Using the industry average PB ratio, estimate the intrinsic value of McDonalds equity.
Round answer to two decimal places.
$Answer
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Using Microsoft Excel And Access 20 For Accounting
Authors: Glenn Owen
5th Edition
133751229X, 9781337512299
