Problem: The balance sheets of Roop Industries are shown below. The 12/13/2001 value of operation is $ 651 million and there are 10 million shares of common equity. What is the price per share?
| Assets |
|
|
Liabilities & Equity |
| Cash |
$ 20.0 |
|
Account payable |
$ 19.0 |
| Marketable securities |
$ 47.0 |
|
Notes payable |
$ 65.0 |
| Accounts receivable |
$ 100.0 |
|
Accruals |
$ 51.0 |
| Inventories |
$ 200.0 |
|
Total current liabilities |
$ 135.0 |
| Total current assets |
$ 367.0 |
|
Long-term bonds |
$ 131.0 |
| New plant and Equipments |
$ 279.0 |
|
Preferred stock |
$ 33.0 |
|
|
|
Common stock (par plus PIC) |
$ 160.0 |
|
|
|
Retained earnings |
$ 187.0 |
|
|
|
Common Equity |
$ 347.0 |
| Total assets |
$ 646.0 |
|
Total Liabilities and equity |
$ 646.0 |