Financial statements

Anonymous
timer Asked: Mar 5th, 2018
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Question description

I need the attached assignment completed. I would need it completed in 1 hour. I have to turn it in at 9 pm central time.

Assignment 1: Financial Statements Please answer all questions. 1. What is the main problem in using a balance sheet to provide an accurate assessment of the value of a company's equity? 2. Explain what a firm’s “gross profit” is. 3. Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets 46 23 20 89 Long-Term Assets Net property, plant, and equipment 121 Total long-term assets 121 Total Assets 210 Liabilities Current Liabilities Accounts payable 39 Notes payable/short-term debt 5 Total current liabilities 44 Long-Term Liabilities Long-term debt Total long-term liabilities Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 133 133 177 33 210 The above diagram shows a balance sheet for a certain company. All quantities shown are in millions of dollars. What is the company's net working capital? Explain. 4. A company has a share price of $22.15 and 118 million shares outstanding. Its market-to-book ratio is 4.2, its book debt-equity ratio is 3.2, and it has cash of $800 million. How much would it cost to take over this business assuming you pay its enterprise value?

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School: Carnegie Mellon University

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Financial statement solutions

1) The main problem is that the mos...

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Anonymous
Awesome! Exactly what I wanted.

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