Andrea Risso is a junior analyst with AquistareFianco, an independent equity research firm. Risso's supervisor asks her to update, as of January 1, 2015, a quarterly research report ffor Centralino S.p.A., a telecommunications company headquartered in Italy. On that date, Centralino's common share price is €50 and its preferred shares trade for €5.25 per share. The market value of long-term debt is equal to its book value. Shares outstanding are 41.94 million of common shares and 16.00 million of preferred shares. Net sales of Centralino were €3.182 billion in 2014. Below you can see company's balance sheet.

What is the multiple of enterprise value to sales for Centralino as of December 31 2014 is closest to? 

 

EXHIBIT 2 Summary Balance Sheet for Centralino, Year Ended December 31, 2014 Liabilities and Shareholders' Equity ( millions) Assets ( millions) Cash and cash equivalents Accounts receivable Inventory Total current assets Property and equipment, net Total assets 102 305 333 740 913 1,653 Current liabilities Long-term debi Total liabilities Preferred shares Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 259 626 80 826 121 1,027 1.653