Question
24. Balance Sheet. Construct a balance sheet for Fincorp for 2010 and 2011. What is shareholders' equity? 25. Working capital. What was the change in
24. Balance Sheet. Construct a balance sheet for Fincorp for 2010 and 2011. What is shareholders' equity? 25. Working capital. What was the change in net working capital during the year? 26. Income Statement. Construct an income statement for Fincorp for 2010 and 2011. What were reinvested earnings for 2011? 27. Balance Sheet. Examine the values for depreciation in 2011 and net fixed assets in 2010 and 2011. What was Fincorp's gross investment in plant and equipment during 2011? 29. Book versus market value. Suppose that the market value (in thousands of dollars) of Fincorp's fixed assets in 2014 is $6,000 and that the value of its long-term debt is only $2,200. In addition, the consensus among investors is that Fincorp's past investments in developing the skills of its employees are worth $2,900. The investment of course does not show up on the balance sheet. What will be the price per share of Fincorp stock?.
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