Question: Below is the balance sheet for Magic Card Corp. as of Dec. 31, 2014. EBITDA is expected to be $47 million and there are 12
Below is the balance sheet for Magic Card Corp. as of Dec. 31, 2014. EBITDA is expected to be $47 million and there are 12 million shares outstanding. Assets ($ million) Liabilities and Equity ($ million) Cash 9 17 Accounts payable 6 Marketable securities 2 Notes payable 23 Accounts receivable 5 Total current liabilities 95 Inventory 41 Long-term debt Total current assets 57 Total liabilities 118 Machines 34 20 Paid-in capital Real estate 80 Retained earnings 33 Total fixed assets 114 Total equity 53 Total assets 171 Total liab. & equity 171 The collection card industry has an average enterprise value-over-EBITDA ratio of 7.1. B Attempt 1/10 for 10 pts. Part 1 What is Magic's estimated enterprise value (in $ million)? 0+ decimals Submit BAttempt 1/10 for 10 pts. Part 2 What is the company's estimated market value of equity (in $ million)? 0+ decimals
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