Determine the net operating assets for Favre, Inc., based on the following financial statement data...
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Determine the net operating assets for Favre, Inc., based on the following financial statement data (in $ millions). Cash Short-term investments Accounts receivable Inventory Other current assets Net fixed assets Long-term investments Intangible assets Total assets $100 200 500 800 150 1,250 420 80 $3,500 Short-term debt Accounts payable Accrued liabilities Other current liabilities Long-term debt Other long-term liabilities Stockholders' equity Total liabilities and equity $200 400 600 200 1,500 250 350 $3,500 $3,500 $1,950 OOOO $2,780 $1,330 $3,250 The common stock of KRJ Enterprises is currently selling for $24.77 per share. Last year the company reported net income of $314 million. Included on its income statement was total depreciation expense of $48 million. On its cash flow statement the company reported cash flow from operations of $299 million. There were 200 million shares of common stock outstanding. Based on cash flow from operations, what is the company's cash flow per share? Present your answer to two decimal places. e.g. $20.00
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