A firm has 1.5 million shares of common stock outstanding with a book value of $10 per
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A firm has 1.5 million shares of common stock outstanding with a book value of $10 per share. The firm also has total assets with a book value of $12 million. There is no preferred stock. What are the firm’s total liabilities?
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Calculation and Explanation Total liabilities Book value of assets Book value of equity 12 ...View the full answer
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Fundamentals Of Investing
ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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