Answered step by step
Verified Expert Solution
Question
1 Approved Answer
QUESTION 7 Last Year, a corporation had a book value of equity of $25 million of USDs, 3 million shares outstanding, and a market price
QUESTION 7 "Last Year, a corporation had a book value of equity of $25 million of USDs, 3 million shares outstanding, and a market price of $12 per share. The corporation also had cash of $8 million of USDs, and total debt of $90 million USDs. What was the corporation's market debt-equity ratio?Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, enter 0.05 as an answer; or if the answer is $500,000 write enter 500000 as an answer." QUESTION 8 "Last Year, a corporation had a book value of equity of $25 million of USDs, 3 million shares outstanding, and a market price of $12 per share. The corporation also had cash of $8 million of USDs, and total debt of $90 million USDs. What was the corporation's enterprise value, in million USDs?Note: Express your answers in strictly numerical terms." QUESTION 9 "As an oil refiner, you are able to produce $36 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil. Because of its lower sulfur content, you can produce $30 worth of unleaded gasoline from one barrel of West Texas Intermediate (WTI) crude. Another oil refiner is offering to trade you 31000 bbl of Alaska North Slope (ANS) crude oil for 15000 bbl of West Texas Intermediate (WTI) crude oil. Assuming you currently have 15000 bbl of WTI Crude, the added benefit (cost) to you if you take the trade is closest to Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started