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Check my work 9 The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while
Check my work 9 The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 11.12 points 2018 $4,400 1,500 eBook Print Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 2019 $4,500 1,600 500 320 580 210 550 340 480 5, 270 3,240 610 440 510 480 290 530 210 530 280 440 4,500 2,800 896 440 870 References * Taxes are paid in their entirety in the year that the tax obligation is incurred. Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that the market value in thousands of dollars) of Fincorp's fixed assets in 2019 is $5,540 and that the value of its long-term debt is only $3,040. In addition, the consensus among investors is that Fincorp's past investments in developing the skills of its employees are worth $2,100. This investment of course does not show up on the balance sheet. What will be the price per share of Fincorp stock? (Assume 524,000 shares of stock outstanding.) (Round your answer to 2 decimal places.) Price $ 13.70 per share
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