You are interested in valuing your favorite ice cream shop, Salt & Straw. S&S currently has an
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Question:
You are interested in valuing your favorite ice cream shop, Salt & Straw. S&S currently has an EBIT of $4.79 million, Sales of $8.615 million,NI of $2.4 million, annual depreciation of $.9 million, andamortization of $.5 million. You have determined the current average EBITDA multiple of comparable ice cream shops is 3.9x.
What is the value of Salt & Straw?
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