Adobe Corporation Balance Sheet exerpt Year ended Dec 31st, 2019 (in thousands) Assets Cash 15,000 Accounts receivable 7,500 Inventory 7,500 Total current assets 30,000 Liabilities Accounts Payable...


Adobe is a software company that creates the most innovative creativity apps. Recently their software has become cloud-based. Their price to book ratio is 1.67 and they currently have 1,000,000 shares outstanding. Below you will find an excerpt from their balance sheet for 2019


If their stock price is listed on the stock market at $9, should the stockholders sell or hold the stock?


Adobe Corporation<br>Balance Sheet exerpt<br>Year ended Dec 31st, 2019 (in thousands)<br>Assets<br>Cash<br>15,000<br>Accounts receivable<br>7,500<br>Inventory<br>7,500<br>Total current assets<br>30,000<br>Liabilities<br>Accounts Payable<br>Current long term debt<br>Total current liabilities<br>7,500<br>7,500<br>15000<br>Long term debt<br>Total liabilities<br>7,500<br>22,500<br>Owners equity<br>7500<br>

Extracted text: Adobe Corporation Balance Sheet exerpt Year ended Dec 31st, 2019 (in thousands) Assets Cash 15,000 Accounts receivable 7,500 Inventory 7,500 Total current assets 30,000 Liabilities Accounts Payable Current long term debt Total current liabilities 7,500 7,500 15000 Long term debt Total liabilities 7,500 22,500 Owners equity 7500

Jun 11, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here