$19$

You are evaluating the firm's financial performance based on the following data. What is the firm's market value of operations?

Balance sheet items:

Marketable securities $=300$

Non$-$operating long$-$term assets $=400$

Cash $=100$

Accounts receivable $=2,000$

Inventory $=1,000$

Operating long$-$term assets $($net of depreciation$)=13,800$

Accounts payable $=2,280$

Accrued taxes $=200$

Short$-$term debt $=120$

Long$-$term debt $=5,000(1,000$ par value, $5$ bonds$)$

Equity $=10,000(10$ book value per share, $1,000$ shares$)$

Market values:

Market value of the marketable securities $=620$

Market value of non$-$operating long$-$term assets $=500$

Market value of short$-$term debt: $120$

Long$-$term bonds: market value per bond: $1,000$

Common stock: market price per share: $12\mathrm{.}00$