Question: Use the following data to estimate how much Xavier Metals is worth at the end of 2007. Can you think of any additional information you would like know about Xavier Metals to help you answer the question more thoroughly? Describe. [Note: All dollar ($) amounts are in millions. Suppose there are 10 million shares of common stock outstanding.]
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Xavier Metals
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2007
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2006
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Cash
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119
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98
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Marketable Securities
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59
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-0-
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Accounts receivable
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312
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254
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Inventory
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278
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239
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Prepaid expenses
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35
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21
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Fixed assets
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536
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409
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Accumulated depreciation
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( 76)
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( 53)
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Accounts payable
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212
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198
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Accrued expenses
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98
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76
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Dividend payable
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40
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-0-
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Notes payable
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125
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-0-
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Common stock
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600
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550
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Retained earnings
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188
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144
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