Where would non-controlling interest appear in a company’s financial statements? (describe at least two places).
Calculate the magnitude of the angular momentum if an object…
Calculate the magnitude of the angular momentum if an object’s moment of inertia is 50 kg·m2 and its angular velocity is 10 rad/s.
What is non-controlling interest? In 1 – 3 sentences, expla…
What is non-controlling interest? In 1 – 3 sentences, explain clearly how it arises and what it represents.
Which of the words best completes the sentence? When analyzi…
Which of the words best completes the sentence? When analyzing a novel, one must always seek out what the author thinks; this is called ______ _______.
You are working with a colleague who says he has completed a…
You are working with a colleague who says he has completed a DCF model for Autozone. He tells you he has made the following assumptions: Valuation date of December, 2020 (in other words, the first year of the explicit forecast period is FY2021) Cost of equity = 9% Cost of debt = 5% WACC = 10% Terminal growth rate assumption: 8% Marginal tax rate = 21% Marketable securities are not included in excess cash (for bridging from EV to implied share price) PP&E as a % of sales increases from 15% of sales in Year 1 to 25% of sales in Year 5, the end of the explicit forecast period Dividends of 10% of NOPAT are paid every year and reduce unlevered free cash flow Related to the list of assumptions above, name four things that are either wrong and/or unreasonable. Provide an explanation for each as to why it is wrong and/or unreasonable.
Acquiror company offers $60 per share for Target. Target ha…
Acquiror company offers $60 per share for Target. Target has 10M shares outstanding, and prior to the offer its stock price was $50. Acquiror expects the post-tax PV of synergies to be $60M. Which of the following statements is most correct?
Assume: Aldi’s current stock price is $50 and it has 300M sh…
Assume: Aldi’s current stock price is $50 and it has 300M shares outstanding Assume that Woodman’s made an offer for Aldi in 2021. Woodman’s stock at that time traded at $90 per share. Woodman’s had130M shares outstanding, debt of $7,000M and excess cash of $500M. Aldi’s LTM EBITDA is$1,663M, and its forward EBITDA is $1,728M. Aldi’s forward (2018E) EPS is $4.54, and Woodman’s is $8.41 Assume the deal happened Dec 30,2021. Synergies are expected to be $200M. Both companies have a WACC of 8% and a cost of equity of 10%. Analysis of precedent transactions shows that the median transaction EV/LTM EBITDA multiple for similar deals has been 12.5x. If Woodman’s acquisition of Aldi resulted in an acquisition multiple EV/LTM EBITDA multiple of 12.5x, how much of a premium (in percent) is Woodman’s paying per share of Aldi? Enter answer to one decimal place. So if you think answer is 12.24% then type “12.2”
A company with no debt in its current capital structure woul…
A company with no debt in its current capital structure would have a WACC equal to its
Anthropologists would not waste their time studying popular…
Anthropologists would not waste their time studying popular culture.
Giving a test to a group of students, the grades and gender…
Giving a test to a group of students, the grades and gender are summarized below: If one student is chosen at random, find the probability that the student did not get a C. _______