Assignment 4: Enterprise Value

Apple:
Enterprise Value = Outstanding Shares * Individual Share Cost - Short-Term Debt
=54,215,332 * 22 -9,353,870
= $1,183,383,434

Microsoft:
Enterprise Value = Outstanding Shares * Individual Share Cost - Short-Term Debt
=3,095,000 * 22 -0
= $68,090,000

Apple's enterprise value was aprox. 17.4% higher than Microsoft's enterprise value.