Chapter 3, Problem 2UJ

A firm has a market value equal to ns book value Currently, the firm has excess cash of s800, other assets of $5.200, and equity of $6.000 The firm has 600 shares of stock outstanding and a net income of $500. The firm has decided to spend half of its excess cash on a share repurchase program How many shares of stock we be outstanding after the stock repurchase is completed?

Financial accounting solve this questions

The equity of Franklin Corp is $172,500and the total liabilities are $24,800. The total assets are _.