Question
An analyst has estimated Moldor Corp.s value of operations to be $715.96 million. The companys most recent consolidated balance sheet is provided below. All amounts
An analyst has estimated Moldor Corp.s value of operations to be $715.96 million. The companys most recent consolidated balance sheet is provided below. All amounts are in millions of dollars. The long-term investments have a current market value of $7.50 million.
Assets: | |
Cash and cash equivalents | 276 |
Marketable securities | 44 |
Inventories | 376 |
Accounts receivable | 258 |
Deferred taxes | 22 |
Total current assets | 976 |
Fixed assets, net | 103 |
Investments | 3 |
Intangibles | 118 |
Total assets | 1,200 |
Liabilities and shareholders equity: | |
Accounts payable | 388 |
Notes payable | 97 |
Accrued expenses and others | 141 |
Total current liabilities | 626 |
Long-term debt | 69 |
Post-employment obligations | 23 |
Deferred revenue | 62 |
Total stockholders equity | 420 |
Total liabilities and stockholders equity | 1,200 |
Question: Moldor has 20 million shares outstanding and its long-term debt currently has a market value of $89.45 million. What is the companys price per share? Report your answer to two decimal places.
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