The Presley Corporation is about to go public. It currently has aftertax earnings of $7,500,000, and 2,600,000 shares are owned by the present stockholders (the Presley family). The new public issue will represent 400,000 new shares. The new shares will be priced to the public at $25 per share, with a 5 percent spread on the offering price. There will also be $290,000 in out-of-pocket costs to the corporation. a. Compute the net proceeds to the Presley Corporation.
Answers: 1
Business, 22.06.2019 20:30, cahree
Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment. b. use cash to repurchase some of the company's own stock. c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year. d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash. e. use cash to increase inventory holdings.
Answers: 3
Business, 22.06.2019 20:30, williamsdre9371
What talent or skill do u wish too develop for yourself
Answers: 1
The Presley Corporation is about to go public. It currently has aftertax earnings of $7,500,000, and...
Mathematics, 01.04.2020 21:40