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Alternative Example 2.6 (cont’d)<br />

Enterprise Value = $209,850 + $14,429 - $9,983 = $214,296<br />

Enterprise Value/Sales = $214,296 / $37,905 = 5.65<br />

Enterprise Value/EBIT = $214,296 / $11,742 = 18.25<br />

Enterprise Value/EBITDA = $214,296 / ($11,742 + $1,851) =<br />

15.77<br />

Copyright ©2014 Pearson Education, Inc. All rights reserved. 2-76

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