The balance sheet of Roop Industries is shown below. The December 31, 2015 value of operations is
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The balance sheet of Roop Industries is shown below. The December 31, 2015 value of operations is $651 million and there are 10 million common shares. What is the price per share?
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Balance Sheet, December 31, 2015 (Millions of Dollars) Liabilities and Equity Assets Accounts payable Notes payable $ 20.0 $ 19.0 Cash Marketable securities 47.0 65.0 Accounts receivable 100.0 Accruals 51.0 200.0 Total current liabilities Inventories 135.0 Total current assets 367.0 Long-term bonds 131.0 Net plant and equipment Preferred stock 279.0 33.0 Common stock 160.0 Retained earnings 187.0 Common equity 347.0 Total liabilities and equity Total assets $646.0 $646.0
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Related Book For
Financial Management Theory And Practice
ISBN: 978-0176583057
3rd Canadian Edition
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
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