This topic contains a solution. Click here to go to the answer

Author Question: General Talc Mines may prepare to ________. (See Table 4.5) A) arrange for a loan equal to the ... (Read 87 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
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?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nickk12214

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

A

Answer to Question 2

Liquidation value per share = = 30 per share




tuffie

  • Member
  • Posts: 534
Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review


chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Excellent

 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

For a complete list of videos, visit our video library