The balance sheets of Roop Industries are shown below. The 12/31/2004 value of operations is $651 million
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The balance sheets of Roop Industries are shown below. The 12/31/2004 value of operations is $651 million and there are 10 million shares of common equity. What is the price per share?
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Balance Sheets, December 31, 2004 (Millions of Dollars) Liabilities and Equity Assets $ 20.0 $ 19.0 Cash Accounts payable Notes payable Marketabic securities 47.0 65.0 Accruals Accounts ceceivable 51.0 100.0 Inventories Total current liabilities $135.0 200.0 $367.0 Total current assets Long-term bonds 131.0 Net plant and equipment _279.0 Preferred stock 33.0 Common stock (par plus PIC) Retained carnings 160.0 187.0 $347.0 Common equity Total assets Total liabilities and equity $646.0 $646.0
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Financial management theory and practice
ISBN: 978-0324422696
12th Edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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