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Re:Back of the Envelope: How to Estimate the Annual Revenues... by brudgers on Wednesday September 15, 2010 @10:41PM (#1696652)
As with any back of envelope calculation it makes up for its lack of accuracy with speed and ease of use.

It just gives you someplace to start an analysis. It's not an end in itself.

There's nothing preventing the application of additional knowledge about a specific industry or company to modify the basic equation.

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