None Lemmon Inc. lists fixed assets of $100 on its balance sheet. The firm'sfixed assets have recently been appraised at $140. The firm's balancesheet also lists current assets at $15. Current assets were appraised at$16.5. Current liabilities book and market values stand at $12 and thefirm's long-term debt is $40. Calculate the market value of the firm'sstockholder's equity.a. $104.50b. $144.50c. $112.50d. $156.5

To calculate the market value of the firm's stockholders' equity, we use the balance sheet equation:…

Answered: Lemmon Inc. lists fixed assets of $100…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 49E

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Lemmon Incorporated lists fixed assets of $100 on its balance sheet. The firm's fixed assets have recently been appraised at $140. The firm's balance sheet also lists current assets at $15. Current assets were appraised at $16.50. Current liabilities book and market values stand at $12 and the firm's long-term debt is $40. Calculate the market value of the firm's stockholders' equity
Ava’s SpinBall Corp. lists fixed assets of $31 million on its balance sheet. The firm’s fixed assets have recently been appraised at $54 million. Ava’s SpinBall Corp.’s balance sheet also lists current assets at $24 million. Current assets were appraised at $44 million. Current liabilities’ book and market values stand at $6 million, and the firm’s book and market values of long-term debt are $26 million. Calculate the book and market values of the firm’s stockholders’ equity. Construct the book value and market value balance sheets for Ava’s SpinBall Corp. (Enter your answers in millions of dollars.) BOOK VALUE MARKET VALUE (in millions of dollars) Assets Current assets Fixed assets Total $0 $0 Liabilities and Equity Current liabilities Long-term debt Stockholders' equity Total $0 $0
Aperture science has net working capital of
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Andyco, Inc., has the following balance sheet and an equity market-to-book ratio of 1.8. Assuming the market value of debt equals its book value, what weights should it use for its WACC calculation? Assets $1,090 Liabilities & Equity Debt $460 Equity $630 The equity weight for the WACC calculation is __ % ? (Round to two decimal places.)
Ava's SpinBall Corp. lists fixed assets of $21 million on its balance sheet. The firm's fixed assets have recently been appraised at $34 million. Ava's SpinBall Corp.'s balance sheet also lists current assets at $14 million. Current assets were appraised at $24 million. Current liabilities' book and market values stand at $4 million and the firm's book and market values of long-term debt are $23 million. Calculate the book and market values of the firm's stockholders' equity. Construct the book value and market value balance sheets for Ava's SpinBall Corp. (Enter your answers in millions of dollars.) Assets Current assets Fixed assets Total Liabilities and Equity BOOK VALUE $ SA MARKET VALUE (in millions of dollars) 0 $ 0 Current liabilities Long-term debt Stockholders' equity Total $ 0 $ 0
Aperture Science has net working capital of $1,136, long-term debt of $10,077, fixed assets of $12,323, and total assets of $18,706. What is the firm's total liabilities? (Round to nearest penny.)
The Mikado Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of 47 and a current ratio of 1.36. Current liabilities are $2,440, sales are $10,600, profit margin is 12 percent, and ROE is 17 percent. What is the amount of the firm's net fixed assets? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Net fixed assets
Andyco, Inc., has the following balance sheet and an equity market-to-book ratio of 1.6. Assuming the market value of debt equals its book value, what weights should it use for its WACC calculation? Assets Liabilities & Equity $1,040 Debt $400 Equity $640 The debt weight for the WACC calculation is 28.09 %. (Round to two decimal places.) The equity weight for the WACC calculation is 71.91 %. (Round to two decimal places.)
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