Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Corporation A currently has an enterprise value of $384,028,900 and $104,588,177 in excess cash. Thefi rm has 8,766,285 shares outstanding and no debt. Suppose thefi

image text in transcribed
Corporation A currently has an enterprise value of $384,028,900 and $104,588,177 in excess cash. Thefi rm has 8,766,285 shares outstanding and no debt. Suppose thefi rm uses its excess cash to repurchase shares. After the share repurchase, news will come out that will change AMC's enterprise value to either $499,119,343 or $338,407,928 What would thefi rm's share price be after the repurchase if its enterprise value goes down? NOTE: Submit your answers with 4 decimals after the dot. Do not include the "S" sign QUESTION 9 Your company had sales of $120,154 this year and cost of goods sold of $71,009. The company's depreciation was 7,089, the Net Income was 16,185. Cash was 26,837. Accounts Receivable was 12,233 and Inventory was 4,792 You forecast sales to increase to $142,508 next year. Using the percent of sales method, forecast next year's cost of goods sold? NOTE: Submit your answers with 4 decimals after the dot. Do not include the sign

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The World Is Your Oyster The Guide To Finding Great Investments Around The Globe

Authors: Jeff D. Opdyke

1st Edition

0307381048, 978-0307381040

More Books

Students also viewed these Finance questions