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Blackberry Inc. has the following balance sheet (in millions). What is the market value added (MVA) if the current price of Blackberrys stock is $15
Blackberry Inc. has the following balance sheet (in millions). What is the market value added (MVA) if the current price of Blackberrys stock is $15 and there is 10 million shares outstanding?
Cash | $ 20 | Accounts payable | $ 40 |
Short-term investments | 30 | Accruals | 20 |
Accounts receivable | 70 | Notes payable | 60 |
Inventory | 40 | Current liabilities | $ 120 |
Current assets | $160 | Long-term debt | 0 |
Net fixed assets | 100 | Common equity | 90 |
| Retained earnings | 50 | |
Total assets | $260 | Total liab. & equity | $260 |
a. | $260 | |
b. | $10 | |
c. | $60 | |
d. | $150 |
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