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Your firm currently has $180,000 in assets and $30,000 in debt business. Financial records show the most recent EBITDA to be $90,000 and recent the
Your firm currently has $180,000 in assets and $30,000 in debt business. Financial records show the most recent EBITDA to be $90,000 and recent the most net income to be $20,000. You (the entrepreneur) paid yourself a salary that is $10,000 higher than the current market rate. Based on the past growth of your firm and the current outlook for your industry, you think a multiple of 3 is appropriate. The first digit of your ABC123 is your profit multiple. If your first digit is 0 or 1, assume a profit multiple of 2. Find the value of this firm according to the "quick and dirty" valuation
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