The simplified balance sheet for Rensselaer Felt (in thousands) is as follows: Cash and...

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The simplified balance sheet for Rensselaer Felt (in thousands) is as follows:
Cash and marketable securities $2,900 Short-term debt $77,000
Accounts receivable 121,400 Accounts payable 63,400
Inventory 126,400 Cu
ent liabilities $140,400
Cu
ent assets $250,700
Property, plant, and equipment 306,200 Long-term debt 210,000
Defe
ed taxes 46,400
Other assets 87,600 Shareholders' equity 247,700
Total $644,500 Total $644,500

The debt has just been refinanced at an interest rate of 7.00% (short term) and 9.00% (long
term). The expected rate of return on the company's shares is 16.00%. There are 7.60...

David · Accepted Answer

The simplified balance sheet for Rensselaer Felt (in thousands) is as follows: 

Cash and marketable securities $2,900   Short-term debt $77,000   
Accounts receivable 121,400   Accounts payable 63,400   
Inventory 126,400   Current liabilities $140,400   
Current assets $250,700         
Property, plant, and equipment 306,200   Long-term debt 210,000   
      Deferred taxes 46,400   
Other assets 87,600   Shareholders' equity 247,700   
Total $644,500   Total $644,500
  
The debt has just been refinanced at an interest rate of 7.00% (short term) and 9.00% (long 
term). The expected rate of return on the company's shares is 16.00%. There are 7.

The simplified balance sheet for Rensselaer Felt (in thousands) is as follows: Cash and marketable securities $2,900 Short-term debt $77,000 Accounts receivable 121,400 Accounts payable 63,400...

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