Determination of net worthuse the following information to

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Reference no: EM13356673

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: EM13356673

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