Total market value = $700 + $80 = $780 million
Number of shares = $780 / $64 = 12,187,500
Hence, 12,187,500 shares are outstanding
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eBook Harper Industries has $700 million of common equity on its balance sheet; its stock price...
Harper Industries has $300 million of common equity on its balance sheet; its stock price is $50 per share; and its market value added (MVA) is $120 million. How many common shares are currently outstanding? Write out your answer completely. For example, 5 million shares should be entered as 5,000,000. Round your answer to the nearest whole number, if necessary.
Click here to read the eBook: MVA and EVA MVA Harper Industries has $500 million of common equity on its balance sheet; its stock price is $40 per share; and its market value added (MVA) is $50 million. How many common shares are currently outstanding? Write out your answer completely. For example, 5 million shares should be entered as 5,000,000. Round your answer to the nearest whole number, if necessary. common shares
Question 10 Byrd Lumber has 1 million shares of common stock outstanding and its stock price is $35 a share. On the balance sheet, the company has $10 million of common equity. What is the company's Market Value Added (MVA)? -$15,000,000 $5,000,000 $10,000,000 $15,000,000 $25,000,000 Question 11 Advantages of the corporate form of business, over other forms, include all of the following except: Lower costs of separation of owners from managers, or so-called “agency costs.” Greater ease of raising capital....
Horton Industries’ shareholders’ equity included 130 million shares of $1 par common stock and a balance in paid-in capital—excess of par of $1,300 million. Assuming that Horton retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Horton’s total paid-in capital decline if it reacquires 2 million shares at $9.50 per share? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).)
Horton Industries' shareholders' equity included 140 million shares of $1 par common stock and a balance in paid-in capital - excess of par of $1,120 million. Assuming that Horton retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Horton's total paid-in capital decline if it reacquires 2 million shares at $7.00 per share? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) Total paid-in capital will decline by...
Davidson Corporation: Balance Sheet as of December 31, 2019 (Millions of Dollars) Liabilities and Equity Assets 130 $ 10 Accounts payable Cash and equivalents 270 575 Accruals Accounts receivable 215 820 Notes payable Inventories 615 $ Total current liabilities $1,405 Total current assets 1,490 2,360 Long-term bonds Net plant and equipment $ 2,105 Total liabilities 260 Common stock (100 million shares) 1,400 Retained earnings 1,660 Common equity $3,765 $3,765 Total liabilities and equity Total assets Davidson Corporation: Income Statement for...
FarCry Industries, a maker of telecommunications equipment, has 5 million shares of common stock outstanding, 2 million shares of preferred stock outstanding, and 20,000 bonds. Suppose the common shares are selling for $29 per share, the preferred shares are selling for $15.50 per share, and the bonds are selling for 98 percent of par. What would be the weight used for equity in the computation of FarCry’s WACC? (Round your answer to 2 decimal places.)
Firm A had the following selected Items on its balance sheet: Cash $30,000,000 Common stock (540 par, 1,400,000 shares outstanding) $6,000,000 Additional paid-in capital 7,000,000 Retained earnings 60,000,000 How would each of these accounts appear after: a. a cash dividend of $2 per share? Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar Cash $ Common stock ($ par; shares outstanding) $ Additional paid-in capital $ Retained earnings $ b....
FarCry Industries, a maker of telecommunications equipment, has 2 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 10,000 bonds. Suppose the common shares are selling for $29 per share, the preferred shares are selling for $15.50 per share, and the bonds are selling for 98 percent of par. What would be the weight used for equity in the computation of FarCry’s WACC? (Round your answer to 2 decimal places.) Weight used %
ricing Stock Issues in an IPO Zang Industries has hired the investment banking firm of Eric, Schwartz, & Mann (ESM) to help it go public. Zang and ESM agree that Zang's current value of equity is $64 million. Zang currently has 3 million shares outstanding and will issue 1.8 million new shares. ESM charges an 8% spread. What is the correctly valued offer price? Do not round intermediate calculations. Round your answer to the nearest cent. $ How much cash...