Question
A firm has current assets of $1.2 million, fixed assets of $3.6 million, and debt of $2.2 million. There are 250,000 shares of stock outstanding.
A firm has current assets of $1.2 million, fixed assets of $3.6 million, and debt of $2.2 million. There are 250,000 shares of stock outstanding. What will be the book value of equity if the firm repurchases 10% of its outstanding shares for $10.40 a share
answer: 2,340,000$ What are the formulas/ show work
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Wealth Mastery Unveiled By Marcus M Dawson A Millennial S Guide To Financial Freedom And Success
Authors: Marcus M. Dawson
1st Edition
979-8865054313
