Question: Problem 5 Intro Below is the balance sheet for Stieger Corp. The current stock price is $41 and there are 4,500 shares outstanding. Assets Liabilities

 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 $41 and there are 4,500 shares outstanding. Assets Liabilities and Equity Cash 10,000 Accounts payable 18,000 Marketable 2,000 Notes payable 6,000 securities Accounts receivable 7,000 Current liabilities 24,000 Inventory 36,000 Long-term debt 95,000 Current assets 55,000 Total liabilities 119,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 30,000 Fixed assets 114,000 Equity 50,000 Total liab. & Total assets 169,000 169,000 equity Part 1 IB Attempt 1/5 for 2 pts. What was the market value of equity? 0+ decima Submit

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