When it comes to expansion or divestment, business houses are faced with a number of dilemmas and confusions. ‘What would the acquisition be worth to my existing business?’ ‘Will the acquisition help bring synergy to meet my business objectives?’ ‘What price should I expect for the sale of my unit?’ ‘Given the capital I intend to infuse, how much would my return on investment (ROI) be?’ These are questions that business houses seek answers to, at some point or the other. Besides, justifying the value of assets and liabilities has become more complex and critical for most businesses. More so, when we consider the small to medium ventures, most of the decisions continue to be taken based on ‘gut feel’ and ‘perception’.