Determination of net worthuse the following information to

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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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