Question: Valuation Using Income Statement Multiples The following table provides summary data for Target and its competitors, Kohl's and Wal-Mart. (a) Compute the price to NOPAT



Valuation Using Income Statement Multiples The following table provides summary data for Target and its competitors, Kohl's and Wal-Mart. (a) Compute the price to NOPAT ratio for both Kohl's and Wal-Mart. Round your answers to two decimal places. Kohl's Wal-Mart equity intrinsic value per share. Round the intrinsic value and equity intrinsic value to the nearest million and the value per share to the nearest cent. Average of the two rounded ratios in (a) above * (Round to two decimal places.) Use your rounded answer above to calculate the following: Intrinsic value \$ x million Equity intrinsic value \$ million Equity intrinsic value per share \$ (c) Compute the price to net income ratio for both Kohl's and Wal-Mart. Round your answers to two decimal places. Kohl's Wal-Mart Round the equity intrinsic value to the nearest million and the value per share to the nearest cent. Average of the two rounded ratios in (c) above * (Round to two decimal places.) Use the rounded average calculated above to calculate the following: Equity intrinsic value \$ Equity intrinsic value per share \$
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