Value of equity	18016893
Per share value of equity	36.04

Bynum and Crumpton Inc. (B&C), a small jewelry manufacturer, has been successful and has enjoyed a positive growth trend. Now B&C is planning to go public with an issue of common stock, and it faces the problem of setting an appropriate price for the stock. The company and its investment banks believe that the proper procedure is to conduct a valuation and select several similar firms with publicly traded common stock and to make relevant comparisons. Several jewelry manufacturers are reasonably similar to B&C with respect to product mix, asset composition, and debt/equity proportions. Of these companies, Abercrombe Jewelers and Gunter Fashions are most similar. When analyzing the following data, assume that the most recent year has been reasonably "normal" in the sense that it was neither especially good nor especially bad in terms of sales, earnings, and free cash flows. Abercrombe is listed on the AMEX and Gunter on the NYSE, while B&C will be traded in the Nasdaq market. Company data Shares outstanding Price per share Earnings per share Free cash flow per share Book value per share Total assets Total debt Abercrombe 5 million $39.00 $2.20 $1.63 $14.00 $105 million $35 million Gunter 11 million $49.00 $3.13 $2.54 $23.00 $303 million $50 million B&C 500,000 NA $2.60 $2.00 $18.00 $10 million $4 million b. Calculate debt to total assets, P/E, market to book, P/FCF, and ROE for Abercrombe, Gunter, and B&C. For calculations that require a price for B&C, use the per share price you obtained with the corporate valuation model in part a. Do not round intermediate calculations. Round your answers to two decimal places. Gunter B&C Abercrombe % D/A % % P/E Market/Book ROE % % % P/FCF