The industry average P/E for the athletics and apparel industry ...

[roselinechinyere27m]

The industry average P/E for the athletics and apparel industry is 18.8. Estimate the fair value of Nike's shares based on the industry average multiple and the data supplied in the table, below.
 
  Price 65
  EPS 3
  Debt 545M
  Equity 9,087M
  Cash 3,630M
  EBITDA 2,770M
  Shares 487M
 
  A) 11.43
  B) 56.40
  C) 65.00
  D) 68.00
  E) 87.50

Question 2

The Truth in Savings Law requires banks to advertise their rates on investments such as CDs and savings accounts as annual percentage yields (APY).
 
  Indicate whether the statement is true or false.

[Edwyer]

Answer to Question 1

B

Answer to Question 2

Answer: TRUE

[roselinechinyere27m]

TYSM

[tanna.moeller]

Thanks for the timely response, appreciate it