A firm has common stock of 95, paid-in surplus of 190, total liabilities of 400, current assets of 450, and fixed assets of 580. What is the amount of the shareholders' equity? Jake owns The Corner Market which he is trying to sell so that he can retire and travel. The Corner Market owns the building in which it is located. This building was built at a cost of $1,200,000 and is currently appraised at $1,430,000. The counters and fixtures originally cost $665,000 and are currently valued at $407,000. The inventory is valued on the balance sheet at $357,000 and has a retail market value equal to 1.2 times its cost. Jake expects the store to collect 97 percent of the $181,200 in accounts receivable. The firm has $10,800 in cash and has total debt of $1,430,000. What is the market value of this firm? Jensen Enterprises paid $460 in dividends and $585 in interest this past year. Common stock increased by $255 and retained earnings decreased by $120. What is the net i...
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