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PlayIt operates toy stores and has a stock value of $11.00. The following items are derived from the financial statements: Current assets = 950, current
PlayIt operates toy stores and has a stock value of $11.00. The following items are derived from the financial statements:
Current assets = 950, current liabilities = 740, long term debt = 30500
100,000 shares outstanding, 200,000 treasury shares
Inventory = 400, A/R = 400 (no other current assets except cash)
Calculate the enterprise value of the firm.
a. 1,100,000
b. 1,100,740
c. 1,131,090
d. 1,131,240
e. none of these answers are correct
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