Problem:
Lemmon Inc. lists fixed assets of $100 on its balance sheet. The firm's fixed assets have recently been appraised at $140. The firm's balance sheet also lists current assets at $15. Current assets were appraised at $16.5. Current liabilities book and market values stand at $12 and the firm's long-term debt is $40.
Required:
Question: Calculate the market value of the firm's stockholder's equity.
- $104.50
- $144.50
- $112.50
- $156.5
Note: Please show guided help with steps and answer.