Question

Firm Value/Sales P/E Ratio Sales (mil) Net income (mil) Fast Air 1.02 7.70 7,286 214 Southeastern...

Firm

Value/Sales

P/E Ratio

Sales (mil)

Net income (mil)

Fast Air

1.02

7.70

7,286

214

Southeastern Airlines

0.87

10.50

17,879

1,567

Western Skies

1.44

11.40

35,580

12,470

Northern Winds

0.73

5.80

2,023

1

East Frontiers

0.80

4.90

5,450

790

Southern Ventures

5.14

9.20

21,373

5,890

Slow Motion

1.05

-9.17

10,900

-105

Sweet Tracks

1.67

5.37

12,200

2,880

Wild Adventures

10.90

44.19

1,029

357

World Horizons

11,561

2,550

Calculate the value of World Horizons using the median P/E ratio of its peers.

Please enter the answer in the following format: XX,XXX

Homework Answers

Answer #1

or, P/E = 7.7 (Median) = Price/ 2550 (Earnings of World Horizons)

or, Price(Value)= 19,635

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