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Problem 3-36 Book versus Market Value (LO2) The table below contains data on Fincorp Incorpoigted. The balance sheet ferris correspond to values at year-end 2021
Problem 3-36 Book versus Market Value (LO2) The table below contains data on Fincorp Incorpoigted. The balance sheet ferris correspond to values at year-end 2021 and 2022 . while the income statement items correspond to revenues bil expenses duritif the year ending in elther 2021 or 2022 . All values are in thousands of dollars. "Taxes are pald in their entirety in the year that the tax obligation is incurred. t Net fixed assets are fixed assets net of accumulated depreclation since the asset was installed: Suppose that the market value (In thousands of dollars) of Fincorp's fixed assets in 2022 is $6,500 and that the value of its long-term debt is only \$1.930. In addition, the consensus among investors is that Fincorp s past investments in developing the skilis of its employees are worth $2.700. This investment, of course, does not show up on the balance sheet. What will be the price per share of Fincorp stock? (Assume 562,000 shares of stock outstanding.) Note: Round your answer to 2 decimal places
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