Listed below is the current data for ABC Company:
December 31, 20xx
|Assets||Liabilities and Equity|
|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|
The current price of a stock is $58 per share.
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