Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what is the price_______ per share?? tks.. Check my work The table below contains data on Fincorp Inc. The balance sheet items correspond to values

image text in transcribed

what is the price_______ per share??

tks..

Check my work The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars. points 2015 $4,000 1,600 X 00:42:30 500 300 Skipped 500 150 2016 $4,100 1,700 520 350 550 150 420 350 450 5,800 2.400 600 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 400 eBook 300 400 5,000 2,000 1.000 410 apo 300 Print Taxes are paid in their entirety in the year that the tax obligation is incurred. T Net fixed assets are fixed assets net of accumulated depreciation since the asset was Installed. References Suppose that the market value in thousands of dollars) of Fincorp's fixed assets in 2016 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. This investment of course does not show up on the balance sheet. What will be the price per share of Fincorp stock? (Assume 500.000 shares of stock outstanding.) (Round your answer to 2 decimal places.) Price per share

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of managerial finance

Authors: Lawrence J Gitman, Chad J Zutter

12th edition

9780321524133, 132479540, 321524136, 978-0132479547

More Books

Students also viewed these Finance questions

Question

What Is The Responsibility Of A Pharmacist?

Answered: 1 week ago

Question

Q.1. what is constitution? Q.2. key of the constitution?

Answered: 1 week ago

Question

Q.1. what is meant by federal system?

Answered: 1 week ago