C选项

问题如下：

Which of the following statements regarding the calculation of the enterprise value multiple is most likely correct?

选项：

A.

Operating income may be used instead of EBITDA.

B.

EBITDA may not be used if company earnings are negative.

C.

Book value of debt may be used instead of market value of debt.

解释：

A is correct.

Operating income may be used in place of EBITDA when calculating the enterprise value multiple. EBITDA may be used when company earnings are negative because EBITDA is usually positive. The book value of debt cannot be used in place of market value of debt.