Answered: What is the net asset value of an…

What is the net asset value of an investment company with $9,900,000 in assets, $560,000 in current liabilities, and 1,300,000 shares outstanding? Round your answer to the nearest cent. $ per share

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 7EA: Assume Skyler Industries has debt of $4,500,000 with a cost of capital of 7.5% and equity of...

See similar textbooks

Related questions

Q: Based on the corporate valuation model, the value of Chen Lin Inc.'s operations is $ 897 million.…

A: Stock Price - It refers to the current market price of share at which such stock is available for…

Q: grey wolf, inc., has a current assest of $2,090, net fixed assests of $9,830, current liabilities of…

A: Amount of total assets equals to sum of total liabilities and shareholders’ equity. Shareholders’…

Q: Suppose a firm pays total dividends of $35,000 out of net income of $200,000. What would the firm's…

A: Total dividends= $35,000 Net income= $200,000 Firm's payout ratio=?

Q: The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $.50 per share, and…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: A public company has a book value of $128 million. They have 20 million shares outstanding, with a…

A: Book value of the company is the total value on the balance sheet and is calculated as the…

Q: Martin Manufacturing stock has a market value of $45 a share. If the book value is $25 a share, the…

A: Market Value per share = $45Book Value per share = $25The market-to-book ratio is compares a…

Q: Wyatt Oil has assets with a market value of $600 million, $70 million of which are cash. It has debt…

A: If the firm pays cash dividends, it reduces the value by such amount. The stock price after the…

Q: (Market value analysis) Lei Materials' balance sheet lists total assets of $1.36 billion, $108…

A: Market to book ratio is calculated as market value of equity divided by book value of equity.The…

Q: You are considering a stock investment in one of two firms (AllDebt, Incorporated, and AllEquity,…

A: Return on Asset = This ratio indicates that how a company manage its asset to generate revenue for…

Q: Use the following information about SV Inc. to calculate the company’s Cost of Capital. The stock…

A: Given, Three projects A, B and C with betas and expected return

Q: How much will be the total transaction fee of buying 2,500 shares of a stock with a market value of…

A: The total transaction price can be calculated by multiplying the total number of shares by market…

Q: The following is available for Golden Corporation for 2019: Sales…

A: Solution: Return on investments = net income / average invested assets = 300000/ 500000 = 60%

Q: a. What will be the price per share? (Do not round intermediate calculations. Round your answer to 2…

A: Share price: It is the current market value of the shares at which buyers and sellers trade. If the…

Q: FedEx Corporation (FDX) has a current share price of $157.62 and is expected to have earnings per…

A: Market price refers to the price at which the stocks are being bought or sold by the investors in…

Q: An analyst's calculation of Bear Corporation's enterprise value is $3.2 billion. Bear has $389…

A: Stock value:The stock value refers to the current market price of a company’s shares, which is…

Q: Hewlard Pocket’s market value balance sheet is given. Assets Liabilities and Shareholders’…

A: Given: Balance sheet Cash $150,000 Debt $0 Other assets $950,000 Equity $1,100,000 Value of…

Q: Suppose that in April 2019, Nike Inc. had sales of $36,367 million, EBITDA of $5,229 million, excess…

A: Here,Sales = $36,367millionEBITDA = $5229 millionExcess cash = $5238 millionDebt = $3804…

Q: You have estimated that the present value of all future free cash flows of Venice Surf Co. to be…

A: The objective of the question is to calculate the value of each share of Venice Surf Co. using the…

Q: (Market value analysis) Lei Materials' balance sheet lists total assets of $1.35 billion, $196…

A: Market to book ratio is calculated as market value of equity divided by book value of equity.The…

Q: (Market value analysis) Lei Materials' balance sheet lists total assets of $1.17 billion, $197…

A: The market-to-book ratio is the proportion of the market capitalization of a firm's equity capital…

Q: Hewlard Pocket’s market value balance sheet is given. Assets Liabilities and Shareholders’…

A: The following information are provided: Cash = $84,000 Cash dividend = $2.30 per share…

Q: What is the market price of a share of stock for a firm with 100,000 shares outstanding, a book…

A: Ratio analysis means where different ratio of various years of years companies has been compared and…

Q: You purchased 400 ordinary shares of GE Corporation at $60 per share. The initial margin is 60%.…

A: In order to calculate what is required in the equity investment , the total investment being done if…

Q: Compute the following ratios and measurement for 2020 a. Book value per share of stock b. Ratio of…

A: Ratio analysis means where different ratio of various years of years companies has been compared and…

Q: The company capital structure consists of debt 230000 at 6.45%, preferred stock 260000 at 15.40% and…

A: Weighted average cost of capital is effective average cost incurred by company on deploying various…

Q: If a company had an issued ordinary share capital of £450,000, a share premium of £187,500, and a…

A: Shareholders equity is the term of accounting which is defined as the amount that states how the…

Q: Lear & Co has a PE of 17, a forward PE of 14.5, and a price of $67.40 per share. The company has…

A: The forecasted EPS can be calculated with the help of forward PE ratio which can be used to…

Q: A company has net earnings of AED 10,000 for the current vear and suppose the company maintains the…

A: In order to determine the earnings per share, the earnings available to equity shareholders are…

Q: f a company has $610 million in assets and $440 million in liabilities w/ stockholders equity of…

A: Introduction According to the company act 2013, the company prepares its balance sheet in a vertical…

Q: You are considering investing in ABC, Inc. The current price of ABC, Inc. is $62 a share, the…

A: Price earnings ratio is one of the important ratio used for analysis in business. This is the ratio…

Q: Joseph’s Stationary Ltd. shows the following financial information: 2021 2022 Earnings per…

A: a) Dividend cover = Earnings per share / Dividend per share b) Earnings yield = Earnings per share /…

Q: a Calculate the cost of each capital component: i the after-tax cost of debt| i the cost of…

A: Note: This post has several qeuestions. The first question, with its three sub-parts, has been…

Q: To help them estimate the company's cost of capital, Smithco has hired you as a consultant. You have…

A: Expected Dividend = d1 = $1.45Current Price of Stock = p0 = $25Growth Rate = g = 6.50%Flotation Cost…

Q: estimate of CSH’s share

A: Enterprise value/EBITDA 9 EBITDA $5 million Enterprise value = EBITDA * 9 $5 million * 9 = $45…

Question

What is the net asset value of an investment company with $9,900,000 in assets, $560,000 in current liabilities, and 1,300,000 shares outstanding? Round your answer to the nearest cent.

$ per share

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

Assume that you have just purchased some shares in an investment company reporting $575 million in assets, $35 million in liabilities, and 25 million shares outstanding. What is the net asset value (NAV) of these shares?
One way to find the value of a share of a stock of a company is to assume the present value of a company is the present value of its projected income stream. The value of each share of stock is equal to the present value of the company divided by the number of shares. For example, if the present value of a company is $10,000 and there are 50 shares of stock, then each share has a present value of $10,000/50-$200. Find the value of each share of a company with 1250 shares if the company is expected to earn $400,00000 per year, I years from now, forever. Assume that the income stream is continuous, and that the continuous interest rate is 5% per year. Round your answer to three decimal places. Value of one share - $ Save for Later Attempts: 0 of 10 used. Submit Answer Q FO M Q Ma Q Ma Qu Ma Vie
What is the net asset value of an investment company with 20 million in assets 700,000 currently abilities and 22 million shares outstanding.
Assume Skyler Industries has debt of $4,775,777with a cost of capital of 7.8% and equity of $5,798,398 with a cost of capital of 9.6%. What is Skyler’s weighted average cost of capital for equity? Round to the nearest hundredth, two decimal places and submit the answer in a percentage.
A) For a listed company of ABC, total book value of assets is 40 million, total market value of current assets is 20 million; total market value of fixed assets is 25 million, total current & non-current liabilities is 17.5 million, & total retained earning is 4.5 million. Total number of shares of the company is 2.5 million. Determine Current Price per share. B) How should we consider investment decision by comparing between market price and hook value of the security?
Market price per share of stock=$50.00. Net income=$4.5 billion. Number of shares=2.25 billion. What is the EPS (earnings per share) and price/earnings ratio?
Suppose that you have the following information: Net income = $1000 Number of shares = 100 shares Share price = $20 Calculate the P/E ratio
You are given the following information: Book value of stockholders' equity = $5 million; price/earnings ratio = 10; shares outstanding = 100,000; and the market/book ratio = .5. Calculate the market price of %3D a share of the company's stock. O $37.50 O $25.00 O $50.00 O $75.00 O $16.67
A company has a current value of operations of $800 million,and it holds $100 million in short-term investments. If thecompany has $400 million in debt and has 10 million commonshares outstanding, what is the estimated price per share?($50.00
Suppose you have the following information about a company. Calculate the stock price per share. A company has a current value of operations of $400 million. The company has $80 million in short-term investments, $200 million in debt and 10 million shares outstanding.
Given the information below. Find the Weighted Average Cost of Capital Market Value of Equity = $22,000,000; Debt = $15,000,000; Cash or Cash Equivalents = $15,000,000 iD = 0.10 or 10% iMKT = 0.17 or 17% tCorp = 0.30 or 30% bK = 1.5 IRF = 0.02 = 2%
If a firm has the following sources of finance, Current liabilities $ 90,000 Long-term debt 380,000 Preferred stock 75,000 Common stock 240,000 earns a profit of $50,000 after taxes, and pays $8,000 in preferred stock dividends, what is the return on assets, the return on total equity, and the return on common equity? Round your answers to two decimal places. Return on assets: % Return on total equity: % Return on common equity: %