Question
Table B shows a balance sheet for a certain company. All quantities shown are in millions of dollars. If in 2020 the corporation had 145
Table B shows a balance sheet for a certain company. All quantities shown are in millions of dollars. If in 2020 the corporation had 145 million shares outstanding and these shares are trading at $23 per share, then what is the company's enterprise value for 2020 (in million of USDs)? Note: Express your answers in strictly numerical terms, and IN million of USDs."
TABLE B
Assets
2020
2019
Liabilities and Stockholders' Equity
2020
2019
Current Assets
Current Liabilities
Cash
90
90
Accounts payable
130
80
Accounts receivable
100
70
Notes payable / short-term debt
14
25
Inventories
50
60
Current maturities of long-term debt
45
65
Other current assets
11
8
Other current liabilities
9
15
Total current assets
251.0
228.0
Total current liabilities
198.0
185.0
Long-Term Assets
Long-Term Liabilities
Land
70
80
Long-term debt
90
110
Buildings
100
98
Capital lease obligations
Equipment
50
50
Less accumulated depreciation
-37.5
-37
Deferred taxes
45
19
Net property, plant, and equipment
182.5
191
Other long-term liabilities
---
---
Goodwill
10
10
Total long-term liabilities
135
129
Other long-term assets
35
40
Total liabilities
333.0
314.0
Total long-term assets
227.5
231
Stockholders' Equity
145.5
72.7
Total Assets
478.5
386.7
Total liabilities and Stockholders' Equity
478.5
386.7
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Focus On Personal Finance An Active Approach To Help You Develop Successful Financial Skills
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0078034787, 978-0078034787
