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13. Enterprise Value-EBITDA Multiplier (LO2) The market value of the equity of Hudgins, Inc., is...

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13. Enterprise Value-EBITDA Multiplier (LO2) The market value of the equity of Hudgins, Inc., is $645,000. The balance sheet shows $53,000 in cash and $215,000 in debt, while the income statement has EBIT of $91,000 and a total of $157,000 in depreciation and amortization. What is the enterprise value-EBITDA multiple for this company? BIRTLE CORPORATION 2017 and 2018 Statement of Financial Position Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 9,279 $ 11,173 Accounts payable $ 41,060 $ 43,805 Accounts receivable 23,683 25,760 Notes payable 16,157 16,843 Inventory 42,636 46,915 Total $ 57,217 $ 60,648 Total $ 75,598 $ 83,848 Long-term debt $ 40,000 $ 35,000 Fixed assets Owners' equity Net plant and equipment 272,047 297,967 $ 50,000 $ 50,000 Common stock and paid-in surplus Retained earnings 200,428 236,167 Total $250,428 $286,167 Total assets $347,645 $381,815 $347,645 $381,815 Total liabilities and owners' equity 14. Preparing Standardized Financial Statements (LO2) Prepare the 2014 and 2015 common-size statement of financial position for Birtle. 15. Preparing Standardized Financial Statements (LO2) Prepare the 2014 common- base year statement of financial position for Birtle

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