Question: If current assets = $95, net fixed assets = $250, long-term debt = $40, and owners' equity = $200, what is the value of current
If current assets = $95, net fixed assets = $250, long-term debt = $40, and owners' equity = $200, what is the value of current liabilities if it is the only other item on the balance sheet?
| -$50 | ||||||||||||||||||||||||||
| $50 | ||||||||||||||||||||||||||
| $105 | ||||||||||||||||||||||||||
| $145
Dole Food Company issued $300 million of 10 percent bonds maturing on May 15,2008. The bonds were issued in $1,000 denominations (par value). Assume that the interest on these bonds is paid and compounded annually. Determine the value of Dole bond as of May 15, 2003, to investor who holds the bond until maturity and whose required rate of return is 12 percent.
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