Multiple analysis turnbull corp had an ebit of 247 million, Ask an Expert

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Multiple Analysis: Turnbull Corp. had an EBIT of $247 million in the last fiscal year. Its depreciation and amortization expenses amounted to $84 million. The firm has 135 million shares outstanding and a share price of $12.80. A competing firm that is very similar to Turnbull has an enterprise value/EBITDA multiple of 5.40.

What is the enterprise value of Turnbull Corp.? Round to the nearest million dollars.

$1,334 million
$1,787 million
$453.6 million
$1,315 million

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91723569

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