## Just do my homework!

• HTML tags will be transformed to conform to HTML standards.
Question
Submitted by Asma on Fri, 2012-04-06 14:38
due on Tue, 2012-04-10 14:36
Asma is willing to pay \$45.00
Asma bought 278 out of 419 answered question(s)
3 anonymous students showed interest

# Busi 530 Corporate Finance Home work 3

Assume that market and book values are equal for current assets, current liabilities, and debt and other long-term liabilities.

SIMPLIFIED BALANCE SHEET OF GOOD FORTUNES, INC. FOR MAY 31, 2010

(Millions of dollars)

Current assets \$ 7,296 Current liabilities \$ 4,657

Plant, equipment and other long-term assets 17,642 Debt and other long-term liabilities 6,458

Shareholdersâ€™ equity 13,823

Total assets \$ 24,938 Total liabilities and equity \$ 24,938

Note: Shares of stock outstanding: 326 million. Book value of equity (per share): 13,823/326 = \$42.40. The stock price is \$81.60.

a.

Construct a market-value balance sheet from the above data. (Be sure to list the assets and liabilities in order of their liquidity. Enter your answers in millions rounded to 2 decimal places.)

Submitted by Asma on Fri, 2012-04-06 14:40
teacher rated 374 times
4.68182
purchased one time
price: \$45.00