Smith Co. is a firm specializing in financial advice for retired individuals. After some analysis,...
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Accounting
Smith Co. is a firm specializing in financial advice for retired individuals. After some analysis, you have determined that an earnings multiplier of 7 is appropriate for this type of business. Smiths most recent earnings totaled $269,000 and earnings per share was $6.40. What is the value of the firm based on the earnings multiplier?
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