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The balance sheet of Hutter Amalgamated is shown below. If the 12/31/2010 value of operations is $684 million, what is the 12/31/2010 intrinsic market value
The balance sheet of Hutter Amalgamated is shown below. If the 12/31/2010 value of operations is $684 million, what is the 12/31/2010 intrinsic market value of equity? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000.
Balance Sheet, December 31, 2010 (Millions of Dollars) | ||||
Assets | Liabilities and Equity | |||
Cash | $ 20.0 | Accounts payable | $ 19.0 | |
Marketable securities | 77.0 | Notes payable | 151.0 | |
Accounts receivable | 100.0 | Accruals | 51.0 | |
Inventories | 200.0 | Total current liabilities | $221.0 | |
Total current assets | $397.0 | Long-term bonds | 190.0 | |
Net plant and equipment | 279.0 | Preferred stock | 76.0 | |
Common stock (par plus PIC) | 100.0 | |||
Retained earnings | 89.0 | |||
Common equity | $189.0 | |||
Total assets | $676.0 | Total liabilities and equity | $676.0 |
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