A company has a share price of $24.50 and 118 million shares outstanding. Its book equity is $688 million, its book debt-equity ratio is 3.2, and it has cash of $890 million.
How much would it cost to take over this business assuming you pay its enterprise value?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A company has a share price of $24.50 and 118 million shares outstanding. Its book equity is $688 million, its book debt-equity ratio is ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which type of glove is best used when the risk of an item slipping out of your hands is significant?
Answers (1)
If production increases by 30%, how will total variable costs likely react?
Answers (1)
The Boot Department at the Omaha Department Store is being considered for closure. The following information relates to boot activity: Sales revenue $352,000 Variable costs: Cost of goods sold 282,000 Sales commissions 32,000 Fixed operating costs
Answers (1)
Dione is a general partner who owns 50% interest in Love First Enterprises. Sammy is a limited partner who also owns 50%. The partnership has $50,000 in recourse liabilities and $20,000 in nonrecourse liabilities.
Answers (1)
Archer Construction Company began work on a $420,000 construction contract in 2017. During 2017, Archer incurred costs of $278,000, billed its customer for $215,000, and collected $175,000.
Answers (1)
New Questions in Business
A new opportunity arises for Quixote Metal Supply just before the holidays. A Request for Proposals (RFP) is distributed by the government seeking metal suppliers to fill a vacancy in the supply chain to build x-ray machines for airports across the
Answers (1)
A two-dimensional table of data sometimes is called a. question 22 options: a. relation. b. group. c. set. d. declaration.
Answers (1)
Real GDP per capita Multiple Choice 1. can grow either more slowly or more rapidly than real GDP. 2. cannot grow more slowly than real GDP. 3. cannot grow more rapidly than real GDP. 4. necessarily grows more rapidly than real GDP.
Answers (1)
Flex Co. just paid total dividends of $525,000 and reported additions to retained earnings of $1,575,000. The company has 495,000 shares of stock outstanding and a benchmark PE of 15.1 times. What stock price would you consider appropriate? a.$52.
Answers (1)
Which of the following would be subtracted from net income when determining cash flows from operating activities under the indirect method? An increase in accounts payable. Depreciation expense. A decrease in prepaid insurance.
Answers (1)