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Jonah’s Fishery has EBITDA of $86 million. Jonah’s has market value of equity and debt of $555 million and $60 million, respectively. Jonah’s has cash on the balance sheet of $33 million. What is Jonah’s EV ratio? (Round your answer to 2 decimal places.)

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ijaz4308

Answer:

6.77

Explanation:

The Jonah’s Fishery  EV ratio shall be determined through the following mentioned formula:

Jonah’s Fishery  EV ratio= EV/ EBITDA

EV= Market value of equity+ Market value of debt- Cash

EV =$555 million+$60 million-$33 million=$582 million

EBITDA=$86 million

So applying the above data to the EV ratio formula:

Jonah’s Fishery  EV ratio= $582 million/$86 million=6.77

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