solution

Essen Inc. Heidleberg Ltd Cash 115.2 86.4 Operating current assets 2,016.0 2,304.0 PP&E 5,472.0 3,096.0 Intangibles 2,160.0 888.4 Goodwill 1,440.0 350.0 Total assets 11,203.2 6,724.8 Short term debt 360.0 172.8 Operating current liabilities 3,744.0 1,440.0 Long term debt 4,593.6 2,880.0 Operating long term liabilities 633.6 576.0 Total liabilities 9,331.2 5,068.8 1,872.0 1,656.0 Shareholders’ equity Total liabilities and equity 11,203.2 6,724.8

Essen Inc. bought 80% of the equity capital of Heidleberg Ltd for 3,240MM. The transaction was funded by 90MM of Essen’s balance sheet cash, an issuance of 1,710MM worth of Essen debt and the remainder with Essen equity. What is the consolidated long term debt?

A) 8,607.6

B) 8,265.6

C) 6,303.6

D) 9,183.6

Solution:

15% off for this assignment.

Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!

Why US?

100% Confidentiality

Information about customers is confidential and never disclosed to third parties.

Timely Delivery

No missed deadlines – 97% of assignments are completed in time.

Original Writing

We complete all papers from scratch. You can get a plagiarism report.

Money Back

If you are convinced that our writer has not followed your requirements, feel free to ask for a refund.

Boost your Grades with us today!

BRISK ESSAYS