Determination of net worth

Assignment Help Financial Accounting

Reference no: EM1314773

Determination of net worth.

Use the following information to determine 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 this question more thoroughly? Explain. (Note: All $ amounts are in millions. Assume 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
Accumlated 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

Reference no: EM1314773

Questions Cloud

Monopoly profit and cartel profit : The ten firms have banded together to form a cartel, and the cartel sets the monopoly price. The cartel agreement limits each firm to an output of one-tenth of the total amount demanded at the cartel price.

Population mean on the basis of the sample mean : Estimating the value of the population mean on the basis of the sample mean alone produces a(n):

Solving the expression : Solving the expression.

How fast does it move after the bullet emerges : A block weighing 60.0 N rests on a plane inclined at 25.0° to the horizontal. A force F is applied to the object at 44.0° to the horizontal, pushing it upward on the plane. The coefficients of static and kinetic friction between the block and the pla..

Determination of net worth : Determination of net worth - Can you think of any additional information you would like know about Xavier Metals to help you answer this question more thoroughly?

Reducing the emission level and tradable permits : By how much will each firm reduce its SO2 output? Which firm will buy permits, which firm will sell them, and how many permits will be exchanged?

Wrights need in the family maintenance fund : If Sue Wright was to die today, how much would the Wrights need in the family maintenance fund? Use the "needs approach" and explain the reasons behind your calculation

Confidence-interval level : Increasing the confidence-interval level from .95 to .99

Strategy for camera shop : Price comparison services on the Internet (as well as shopbots) are a popular way for retailers to advertise their products and a convenient way for consumers to simultaneously obtain price quotes from several firms selling an identical product.

User Account

All Pages