General Talc Mines may prepare to ________. (See Table 4.5) A) ...

[tuffie]

General Talc Mines may prepare to ________. (See Table 4.5)
 
  A) arrange for a loan equal to the external funds requirement
  B) eliminate the dividend to cover the needed financing
  C) cancel the retirement of the long term note to cover the needed financing
  D) repurchase common stock equal to the external funds requirement

Question 2

Smith has current assets of 800,000, which can be liquidated at 90 percent of book value. Total liabilities, including preferred stock, equal 270,000. The firm has 15,000 shares of common stock outstanding.
 
  What is the liquidation value per share of common stock?

[nickk12214]

Answer to Question 1

A

Answer to Question 2

Liquidation value per share = = 30 per share

[tuffie]

YES! Correct, THANKS for helping me on my review

[sailorcrescent]

Thanks for the timely response, appreciate it