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Frankfurt Inc. bought 100% of the equity capital of Munich Plc for 360MM. The transaction was funded by 10MM of Frankfurt’s balance sheet cash, an issuance of 190MM worth of Frankfurt equity and the remainder with Frankfurt debt. What is the consolidated long term debt?

Frankfurt Inc. Munich Plc Cash 12.8 9.6 Operating current assets 224.0 256.0 PP&E 608.0 344.0 Intangibles 240.0 137.6 Goodwill 160.0 0.0 Total assets 1,244.8 747.2 Short term debt 40.0 19.2 Operating current liabilities 416.0 160.0 Long term debt 510.4 320.0 Operating long term liabilities 70.4 64.0 Total liabilities 1,036.8 563.2 Shareholders’ equity 208.0 184.0 Total liabilities and equity 1,244.8 747.2

A) 990.4

B) 670.4

C) 1,190.4

D) 160.0

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