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Lexus Corporation lists fixed assets of $240 on its balance sheet. The firm's fixed assets have recently been appraised at $315. The firm's balance sheet also lists current assets at $35. Current assets were appraised at $42.7. Current liabilities book and market values stand at $28 and the firm's long-term debt is $75. Calculate the market value of the firm's stockholder's equity. a. $195.50 b. $254.70 c. $220.30 d. $167.80

Lexus Corporation lists fixed assets of $240 on its balance sheet. The firm's fixed assets have recently been appraised at $315. The firm's balance sheet also lists current assets at $35. Current assets were appraised at $42.7. Current liabilities book and market values stand at $28 and the firm's long-term debt is $75. Calculate the market value of the firm's stockholder's equity. a. $195.50 b. $254.70 c. $220.30 d. $167.80

Managerial Accounting: The Cornerstone of Business Decision-Making
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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Calculate the market value of the firm's stockholders equity .

Lexus Corporation lists fixed assets of $240 on its balance sheet. The firm's fixed assets have recently been appraised at $315. The firm's balance sheet also lists current assets at $35. Current assets were appraised at $42.7. Current liabilities book and market values stand at $28 and the firm's long-term debt is $75. Calculate the market value of the firm's stockholder's equity. a. $195.50 b. $254.70 c. $220.30 d. $167.80
Transcribed Image Text:Lexus Corporation lists fixed assets of $240 on its balance sheet. The firm's fixed assets have recently been appraised at $315. The firm's balance sheet also lists current assets at $35. Current assets were appraised at $42.7. Current liabilities book and market values stand at $28 and the firm's long-term debt is $75. Calculate the market value of the firm's stockholder's equity. a. $195.50 b. $254.70 c. $220.30 d. $167.80
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