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## Accounting

 Accounting Basics Cost Accounting Financial Accounting Managerial Accounting Auditing Taxation

Based on the corporate valuation model, the value of company's operations is \$1,200 million. The company's balance sheet exhibits \$80 million in accounts receivable, \$60 million in inventory, and \$100 million in short-term investments which are unrelated to operations. The balance sheet as well exhibits \$90 million in accounts payable, \$120 million in notes payable, \$300 million in long-term debt, \$50 million in preferred stock, \$180 million in retained earnings, and \$800 million in total common equity. If the company has 30 million shares of stock outstanding, describe the best estimate of the stock's price per share?

a. \$24.90
b. \$27.67
c. \$30.43
d. \$33.48
e. \$36.82

Market Value of + MV of of debt + MV of preferred + MV of + 50M + MV Equity
=> MV - 420M - (assume book value of debt debt)
=> share /30 = \$27.67(d)

Financial Accounting, Accounting

• Category:- Financial Accounting
• Reference No.:- M915795

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