Question: Problem 5 Intro Below is the balance sheet for Stieger Corp. The current stock price is $48 and there are 4,500 shares outstanding, Assets Cash

 Problem 5 Intro Below is the balance sheet for Stieger Corp.

Problem 5 Intro Below is the balance sheet for Stieger Corp. The current stock price is $48 and there are 4,500 shares outstanding, Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines Real estate Fixed assets Total assets Liabilities and Equity 11,000 Accounts payable 20,000 2,000 Notes payable 6,000 6,000 Current liabilities 26,000 23,000 Long-term debt 95,000 42,000 Total liabilities 121,000 34,000 Paid-in capital 20,000 80,000 Retained earnings 15,000 114,000 Equity 35,000 156,000 Total liab. & equity 156,000 IB Attempt 1/5 for 5 pts. Part 1 What was the market value of equity? 0+ decimals Submit

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