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problem: Use the following data to estimate how much Xavier Metals is worth at the end of 2007. Can you think of any additional information you would like know about Xavier Metals to help you answer the problem more thoroughly? Describe. [Note: All dollar ($) amounts are in millions. Suppose there are 10 million shares of common stock outstanding.]

.

Xavier Metals

.

.

.

.

.

2007

2006

.

.

.

Cash

119

98

Marketable Securities

59

-0-

Accounts receivable

312

254

Inventory

278

239

Prepaid expenses

35

21

Fixed assets

536

409

Accumulated depreciation

( 76)

( 53)

Accounts payable

212

198

Accrued expenses

98

76

Dividend payable

40

-0-

Notes payable

125

-0-

Common stock

600

550

Retained earnings

188

144

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M922955

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