Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials Inventory$32,000 Ending Raw Materials Inventory 23,600 Beginning Work in Process Inventory 62,000 Ending Work in Process Inventory 71,000 Beginning Finished Goods Inventory 90,500 Ending Finished Goods Inventory 74,000 Cost of Goods Sold for the period 547,000 Sales revenues for the period 1,261,000 Operating expenses for the period 239,000

Their underlying asset beta is closest to is 1.08

Explanation:

According to the given data we have the following:

Debt is given as $78 billion

Equity is given as $142 billion

equity beta given as 1.68

Therefore, in order to calculate the underlying asset beta we would have to use the formula of the the equity beta for a levered firm as follows:

betaE =beta A [1 + (Debt / Equity)]

1.68 = \beta A [1 + ($78 B/ $142 B)]

1.68 = \beta A [1 + 0.5493]

betaA = 1.68 / 1.5493

betaA = 1.08

Their underlying asset beta is closest to is 1.08