Question: Calculate the EBIT which should be used for the EV / EBIT multiple given the information below: During fiscal 2050, the company sold assets relating

Calculate the EBIT which should be used for the EV / EBIT multiple given the information below: During fiscal 2050, the company sold assets relating to the Cutey brand for a total disposal price of $29. The Company allocated $4.2 of goodwill to the brand as part of the sale. The Company recorded a gain of $24.6 which has been reflected in Gain on sales of assets in the Consolidated Statement of Operations for the fiscal year ended June 30, 2050

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