The market value of equity of NovaTech, Inc. is $920,000. Th…
The market value of equity of NovaTech, Inc. is $920,000. The balance sheet shows $85,000 in cash and $260,000 in debt. The income statement reports EBIT of $148,000 and total depreciation and amortization of $92,000. What is the enterprise value-to-EBITDA multiple?
Read DetailsConsider the following balance sheets for Orchard Corporatio…
Consider the following balance sheets for Orchard Corporation (in millions).(a) Calculate the change in each balance sheet account from 2024 to 2025.(b) Identify whether each change represents a source or a use of cash.(c) What were the major sources and uses of cash during the year?(d) Did the firm become more or less liquid? Explain.ORCHARD CORPORATION — Balance Sheets (Assets)Item20242025Current assetsCash$205$185Accounts receivable440410Inventory710735Total current assets$1,355$1,330Fixed assetsNet fixed assets5,5205,940Total assets$6,875$7,270ORCHARD CORPORATION — Balance Sheets (Liabilities and Equity)Item20242025Current liabilitiesAccounts payable$275$315Notes payable1,030970Total current liabilities$1,305$1,285Long-term debt$1,840$2,020Shareholders’ equityCommon stock1,2001,200Retained earnings1,3101,699Total equity$2,510$2,899Total liabilities and equity$6,875$7,270
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