Use the Table for the Question(s) Below

question 14

Multiple Choice

Use the table for the question(s) below.

-The table above shows the stock prices and multiples for a number of firms in the newspaper publishing industry. Another newspaper publishing firm (not shown) had sales of $640 million, EBITDA of $84 million, excess cash of $67 million, $14 million of debt, and 120 million shares outstanding. If the average enterprise value to sales for comparable businesses is used, which of the following is the range of reasonable share price estimates?

• A) $6.27 to $8.86
• B) $4.59 to $12.23
• C) $1.15 to $1.53
• D) $6.19 to $9.32

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Definitions:

Behavior Trait

A consistent pattern of behavior, thoughts, or emotions that distinguish one individual from another.

Unconsciously Motivated

Actions or behaviors that originate from desires or impulses outside an individual's conscious awareness.

Positive Psychology

A branch of psychology focusing on the study of positive human functioning and flourishing on multiple levels, including the biological, personal, relational, institutional, cultural, and global dimensions of life.

Humanistic Psychology

A psychological perspective that emphasizes individual potential for growth and the importance of human values, creativity, and self-fulfillment.