Question
The balance sheet items correspond to values at year-end of 2010 and 2011, while the income statement items correspond to revenues or expenses during the
The balance sheet items correspond to values at year-end of 2010 and 2011, while the income statement items correspond to revenues or expenses during the year ending in either 2010 or 2011. All values are in thousands of dollars.
Fincorp Inc. | ||
2010 | 2011 | |
Revenue | $4,000.00 | $4,100.00 |
COGS | 1,600.00 | 1,700.00 |
Depreciation | 500.00 | 520.00 |
Inventories | 300.00 | 350.00 |
Admin Expenses | 500.00 | 550.00 |
Interest Exp | 150.00 | 150.00 |
Fed and state taxes | 400.00 | 420.00 |
Accounts payable | 300.00 | 350.00 |
Accounts receivable | 400.00 | 450.00 |
Net fixed assets | 5,000.00 | 5,800.00 |
Long-term debt | 2,000.00 | 2,400.00 |
Notes payable | 1,000.00 | 600.00 |
Dividends paid | 410.00 | 410.00 |
Cash and marketable securities | 800.00 | 300.00 |
28.Balance Sheet.Examine the values for depreciation in 2011 and net fixed assets in 2010 and 2011. What was Fincorp's gross investment in plant and equipment during 2011? 29. Book versus market value. Suppose that the market value (in thousands of dollars) of Fincorp's fixed assets in 2011 is $6,000 and that the value of its long-term debt is only $2,200. In addition, the consensus among investors is that Fincorp's past investments in developing the skills of its employees are worth $2,900. The investment of course does not show up on the balance sheet. What will be the price per share of Fincorp stock?.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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