The balance sheet of Hutter Amalgamated is shown below. If the 12/31/2010 value of operations is $756 million, what is the 12/31/2010 intrinsic market value of equity?
Balance Sheet, December 31, 2010 (Millions of Dollars)
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Assets
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Liabilities and Equity
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|
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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
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Total current liabilities
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$ 221.0
|
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Total current assets
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$ 397.0
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Long-term bonds
|
190.0
|
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Net plant and equipment
|
279.0
|
Preferred stock
|
76.0
|
|
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Common stock
|
|
|
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(par plus PIC)
|
100.0
|
|
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Retained earnings
|
89.0
|
|
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Common equity
|
$ 189.0
|
|
Total assets
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$ 676.0
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Total liabilities and equity
|
$ 676.0
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