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Consider the following data for Nike Inc. In 2009 it had S19, 150 million in sales...
Consider the following data for Nike Inc: In 2009 it had $19,000 million in sales with...
Consider the following data for Nike Inc: In 2009 it had $19,000 million in sales with a 10% growth rate in 2010, but then slows by 1% to the long-run growth rate of 5% by 2015 Nike expects EBIT to be 10% of sales, increases in net working capital requirements to be 10% of any increases in sales, and capital expenditures to equal depreciation expenses. Nike also has $2,300 million in cash, $32 million in debt, 486 million shares outstanding,...
Consider the following data for Nike Inc : In 2009 it had $19.300 million in sales...
Consider the following data for Nike Inc : In 2009 it had $19.300 million in sales with a 10% growth rate in 2010, but then slows by 1% to the long-un growth ate of 5% by 2015, Nike expects EBIT to be 10% of sales, increases in net working capital requirements to be 10% of any increases equal depreciation expenses. Nike also has $2.300 million in cash, $32 million in debt, 486 million shares outstanding, a tax rate of 24%,...
Consider the following data for Nike Inc.: In 2009 it had $19,300 million in sales with a 10% growth rate in 2010, but...
Consider the following data for Nike Inc.: In 2009 it had $19,300 million in sales with a 10% growth rate in 2010, but then slows by 1% to the long-run growth rate of 5% by 2015. Nike expects EBIT to be 10% of sales, increases in net working capital requirements to be 10% of any increases in sales, and capital expenditures to equal depreciation expenses. Nike also has $2,300 million in cash, $32 million in debt, 486 million shares outstanding,...
Consider the following data for Nike Inc.: In 2009 it had $19.100 million in sales with a 10% growth rate in 2010, bu...
Consider the following data for Nike Inc.: In 2009 it had $19.100 million in sales with a 10% growth rate in 2010, but then slows by 1% to the long-run growth rate of 5% by 2015. Nike expects EBIT to be 10% of sales, increases in net working capital requirements to be 10% of any increases in sales, and capital expenditures to equal depreciation expenses. Nike also has $2,300 million in cash, $32 million in debt, 486 million shares outstanding,...
Consider the following data for Nike Inc. In 2009 it had $19.100 million n sales with a 10% growt...
Consider the following data for Nike Inc. In 2009 it had $19.100 million n sales with a 10% growth rate in 2010, but then slows by 1 % to the long-run growth rate of 5% by 2015. Nike expects EBIT to be 10% of sales increases in networking capital requirements to be 10% of any increases in sales and capital expenditures to equal depreciation expenses. Nike also has $2.300 million in cash, $32 million in debt 486 million shares outstanding,...
Suppose that in July 2013, Nike Inc. had sales of $25,391 million, EBITDA of $3,261 million,...
Suppose that in July 2013, Nike Inc. had sales of $25,391 million, EBITDA of $3,261 million, excess cash of $3,332 million, $1,395 million of debt, and 899.2 million shares outstanding. Average Maximum Minimum 29.84 + 136% -62% Price Book 2.44 + 70% - 63% Enterprise Value Sales 1.12 + 55% - 48% Enterprise Value EBITDA 9.76 + 86% - 34% a. Using the average enterprise value to sales multiple in the table above, estimate Nike's share price. b. What range...
Suppose that in July 2013, Nike Inc. had sales of $25,339 million, EBITDA of $3,258 million, excess cash of $3,335mil...
Suppose that in July 2013, Nike Inc. had sales of $25,339 million, EBITDA of $3,258 million, excess cash of $3,335million, $1,383 million of debt, and 884.9 million shares outstanding. P/E Price / Book Enterprise Value / Sales Enterprise Value / EBITDA Average 29.84 2.44 1.12 9.76 Maximum +136% +70% +55% +86% Minimum -62% −63% -48% -34% a. Using the average enterprise value to sales multiple in the table above, estimate Nike's share price. b. What range of share prices do...
please show all work In mid-2009, Rite Aid had CCC-rated, 6-year bonds outstanding with a yield...
please show all work
In mid-2009, Rite Aid had CCC-rated, 6-year bonds outstanding with a yield to maturity of 17.3%. At the time, similar maturity Treasuries had a yield of 3 %. Suppose the market risk premium is 5% and you believe Rite Aid's bonds have a beta of 0.31. The expected loss rate of these bonds in the event of default is 60%. a) What annual probability of default would be consistent with the yield to maturity of these...
Sora Industries has 61 million outstanding shares, $130 million in debt, $60 million in cash, and the following proj...
Sora Industries has 61 million outstanding shares, $130 million in debt, $60 million in cash, and the following projected free cash flow for the next four years: Year 0 1 2 3 4 Earnings and FCF Forecast ($ million) 1 Sales 433 468 516 547 574.3 2 Growth vs. Prior Year 8.1% 10.3% 6.0% 5.0% 3 Cost of Goods Sold (313.6) (345.7) (366.5) (384.8) 4 Gross Profit 154.4 170.3 180.5 189.5 5 Selling, General, & Admin. (93.6) (103.2) (109.4) (114.9)...
this is business 241 question... need help P 10-8 (similar to) Sora Industries has 65 million outstanding shares, $123 million in debt, $46 million in cash, and the following projected free ca...
this is business 241 question... need help
P 10-8 (similar to) Sora Industries has 65 million outstanding shares, $123 million in debt, $46 million in cash, and the following projected free cash flow for the next four years: Year012 3 4 Earnings and FCF Forecast (s million) 1 Sales 433.0 468.0 516.0547.0 574.3 2 Growth vs. Prior Year 8.1% 10.3% 6.0% 5.0% 3 Cost of Goods Sold 4 Gross Profit (313.6) (345.7) (366.5) (384.8) 154.4 180.5 (93.6) (103.2) (109.4) (114.9)...
Consider the following data for Nike Inc: In 2009 it had $19,000 million in sales with a 10% growth rate in 2010, but then slows by 1% to the long-run growth rate of 5% by 2015 Nike expects EBIT to be 10% of sales, increases in net working capital requirements to be 10% of any increases in sales, and capital expenditures to equal depreciation expenses. Nike also has $2,300 million in cash, $32 million in debt, 486 million shares outstanding,...
Consider the following data for Nike Inc : In 2009 it had $19.300 million in sales with a 10% growth rate in 2010, but then slows by 1% to the long-un growth ate of 5% by 2015, Nike expects EBIT to be 10% of sales, increases in net working capital requirements to be 10% of any increases equal depreciation expenses. Nike also has $2.300 million in cash, $32 million in debt, 486 million shares outstanding, a tax rate of 24%,...
Consider the following data for Nike Inc.: In 2009 it had $19,300 million in sales with a 10% growth rate in 2010, but then slows by 1% to the long-run growth rate of 5% by 2015. Nike expects EBIT to be 10% of sales, increases in net working capital requirements to be 10% of any increases in sales, and capital expenditures to equal depreciation expenses. Nike also has $2,300 million in cash, $32 million in debt, 486 million shares outstanding,...
Consider the following data for Nike Inc. In 2009 it had $19.100 million n sales with a 10% growth rate in 2010, but then slows by 1 % to the long-run growth rate of 5% by 2015. Nike expects EBIT to be 10% of sales increases in networking capital requirements to be 10% of any increases in sales and capital expenditures to equal depreciation expenses. Nike also has $2.300 million in cash, $32 million in debt 486 million shares outstanding,...
Suppose that in July 2013, Nike Inc. had sales of $25,391 million, EBITDA of $3,261 million, excess cash of $3,332 million, $1,395 million of debt, and 899.2 million shares outstanding. Average Maximum Minimum 29.84 + 136% -62% Price Book 2.44 + 70% - 63% Enterprise Value Sales 1.12 + 55% - 48% Enterprise Value EBITDA 9.76 + 86% - 34% a. Using the average enterprise value to sales multiple in the table above, estimate Nike's share price. b. What range...
please show all work
In mid-2009, Rite Aid had CCC-rated, 6-year bonds outstanding with a yield to maturity of 17.3%. At the time, similar maturity Treasuries had a yield of 3 %. Suppose the market risk premium is 5% and you believe Rite Aid's bonds have a beta of 0.31. The expected loss rate of these bonds in the event of default is 60%. a) What annual probability of default would be consistent with the yield to maturity of these...
this is business 241 question... need help
P 10-8 (similar to) Sora Industries has 65 million outstanding shares, $123 million in debt, $46 million in cash, and the following projected free cash flow for the next four years: Year012 3 4 Earnings and FCF Forecast (s million) 1 Sales 433.0 468.0 516.0547.0 574.3 2 Growth vs. Prior Year 8.1% 10.3% 6.0% 5.0% 3 Cost of Goods Sold 4 Gross Profit (313.6) (345.7) (366.5) (384.8) 154.4 180.5 (93.6) (103.2) (109.4) (114.9)...
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