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ABC CompanyBalance SheetDecember 31, 20xx
Assets
Liabilities and Equity
Cash
$10,000,000
Accounts Payable
$20,000,000
Accounts Receivable
250,000,000
Long-term debt
400,000,000
Inventory
120,000,000
Common Stock ($10 par, 1,000,000 outstanding)
10,000,000
Plant and Equipment
325,000,000
Paid-in capital
90,000,000
Retained Earnings
185,000,000
Total
$705,000,000
The current price of a stock is $58 per share.
Required:
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