Mises Daily
Author:
Christopher Mayer
Online Publish Date:
On December 31st, 1930, White Motors’ balance sheet reported cash of $8.5 million, receivables and merchandise of $15 million and net fixed assets of $14 million. Less liabilities of $1.3 million, the company had a net worth position of $36.2 million. The company’s stock price was trading between $7 and $8 per share. At the 12/31 close, the stock