Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

$ million Balance Sheet, December 31, 2010 (Millions of Dollars) Assets Liabilit

ID: 2695121 • Letter: #

Question

$ million

Balance Sheet, December 31, 2010 (Millions of Dollars) Assets Liabilities and Equity Cash $ 20.0 Accounts payable $ 19.0 Marketable securities 77.0 Notes payable 151.0 Accounts receivable 100.0 Accruals 51.0 Inventories 200.0 Total current liabilities $221.0 Total current assets $397.0 Long-term bonds 190.0 Net plant and equipment 279.0 Preferred stock 76.0 Common stock (par plus PIC) 100.0 Retained earnings 89.0 Common equity $189.0 Total assets $676.0 Total liabilities and equity $676.0

Explanation / Answer

intrinsic market value of equity= Common equity number of equity company has issued .