Mr. Hooper Stevens has gathered the following information on Sirius XM Holdings Inc.: Sirius XM Holdings Inc. (in millions) Average of Multiples of Comparables Earnings $ 17.9 P/E of comparables 16.8 Cash flow $ 22.3 P/CF of comparables 23.5 Book value of equity $ 35.2 P/BV of comparables 4.2 Sales $ 107.1 P/S of comparables 5.4 Number of shares outstanding: 12667709 What is the value of the Company’s shares (per share), giving the cash flow multiple and P/S multiple 30% and the other methods 20 % each?

Mr. Hooper Stevens has gathered the following information on Sirius XM Holdings Inc.: Sirius XM Holdings Inc. (in millions) Average of Multiples of Comparables Earnings $ 17.9 P/E of comparables 16.8 Cash flow $ 22.3 P/CF of comparables 23.5 Book value of equity $ 35.2 P/BV of comparables 4.2 Sales $ 107.1 P/S of comparables 5.4 Number of shares outstanding: 12667709 What is the value of the Company’s shares (per share), giving the cash flow multiple and P/S multiple 30% and the other methods 20 % each?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
Data pertaining to the current position of Lucroy Industries Inc. follow:Cash $ 800,000Marketable securities 550,000Accounts and notes receivable (net) 850,000Inventories 700,000Prepaid expenses 300,000Accounts payable 1,200,000Notes payable (short-term) 700,000Accrued expenses 100,000Instructions1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios in parts b through j to one decimal place.2. List the following captions on a sheet of paper:Transaction Working Capital Current Ratio Quick RatioCompute the working capital, the current ratio, and the quick ratio after each of the…
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Data pertaining to the current position of Forte Company follow:Cash $412,500Marketable securities 187,500Accounts and notes receivable (net) 300,000Inventories 700,000Prepaid expenses 50,000Accounts payable 200,000Notes payable (short-term) 250,000Accrued expenses 300,000 Instructions1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios in parts b through j to one decimal place.2. List the following captions on a sheet of paper:Transaction Working Capital Current Ratio Quick Ratio Compute the working capital, the…
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Sirius XM Holdings Inc. (in millions)		Average of Multiples of Comparables
Earnings	$ 17.9		P/E of comparables	16.8
Cash flow	$ 22.3		P/CF of comparables	23.5
Book value of equity	$ 35.2		P/BV of comparables	4.2
Sales	$ 107.1		P/S of comparables	5.4