PFIN 7:STUDENT EDITION-MINDTAP (1 TERM)
7th Edition
ISBN: 9780357033647
Author: Billingsley
Publisher: CENGAGE L
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Chapter 15, Problem 2FPE
Emilia and Kevin Boyd are in their mid-30s and have two children, ages 8 and 5. They have combined annual income of $150,000 and own a house in joint tenancy with a market value of $410,000, on which they have a mortgage of $300,000. Kevin has $100,000 in group term life insurance and an individual universal life policy for $150,000. However, the Boyds haven’t prepared their wills. Kevin plans to do one soon, but they think that Emilia doesn’t need one because the house is jointly owned. Explain why it’s important for both Emilia and Kevin to draft wills as soon as possible.
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Use the table for the question(s) below.
Name
Market Capitalization ($ million)
Enterprise Value ($ million)
P/E
Price/ Book
Enterprise Value/ Sales
Enterprise Value/ EBITDA
Gannet
6350
10,163
7.36
0.73
1.4
5.04
New York Times
2423
3472
18.09
2.64
1.10
7.21
McClatchy
675
3061
9.76
1.68
1.40
5.64
Media General
326
1192
14.89
0.39
1.31
7.65
Lee Enterprises
267
1724
6.55
0.82
1.57
6.65
Average
11.33
1.25
1.35
6.44
Maximum
+60%
112%
+16%
+22%
Minimum
minus−40%
minus−69%
minus−18%
minus−19%
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 $600 million, EBITDA of $84 million, excess cash of $68million, $12 million of debt, and 120 million shares…
2023
2022
Property Plant and Equipment Land Buildings Equipment and furnishing
6 00055 00025 000
6 00052 00023 000
86 000
81 000
Current assets: Cash Marketable securities Accounts Receivable Inventory Prepaid expenses
80045012 00020 000250
70030011 00017 000300
33 500
29 300
Total assets
120 000
110 850
Equity and Liabilities
Equity Preferred stock (P100 value at 8%) Common stock (Par value=P2.00 each) Additional paid-up capital Retained earnings
6 00025 0004 00035 000
6 00024 0003 80029 000
70 000
62 800
Current Liabilities Accounts payable Accrued expenses Notes payable
7 5002 2003 000
7 0502 1003 200
12 700
12 350
LonLong term liabilities Bonds payable (Face value = P1000.00) g term liabilities
37 300
35 700
Total liabilities
50 000
48 050
Total equity and liabilities
120 000
110 0850
Extracts from the income statements
Revenue
25 000
23 000
Cost of sales
(13 000)
(14 000)
12 000
9 000
Expenses…
Please correct answer and don't used hand raiting and don't used Ai solution
Chapter 15 Solutions
PFIN 7:STUDENT EDITION-MINDTAP (1 TERM)
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