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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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