Target-Mart, Inc., is a large food-marketing company. Footnote information from the company's 2011 annual report appears below. Independent retailers use funds loaned by Target-Mart to finance the acquisition of property used in retail food operations. Target-Mart records these loans in its long-term notes receivable account. The net balance of the long-term notes receivable account at the end of 2011 is (in thousands of dollars) $36,731. The following information is available from the company's footnotes:
Assume the following for purposes of this case:

Required:
Determine the market value of the assets financed by Target-Mart at the date of acquisition by the retailer (debtor).

Question

Target-Mart, Inc., is a large food-marketing company. Footnote information from the company's 2011 annual report appears below. Independent retailers use funds loaned by Target-Mart to finance the acquisition of property used in retail food operations. Target-Mart records these loans in its long-term notes receivable account. The net balance of the long-term notes receivable account at the end of 2011 is (in thousands of dollars) $36,731. The following information is available from the company's footnotes:
  Assume the following for purposes of this case:
  
Required:
Determine the market value of the assets financed by Target-Mart at the date of acquisition by the retailer (debtor).

Quizplus · Accepted Answer

The Answer of Target-Mart, Inc., is a large food-marketing company. Footnote information from the company's 2011 annual report appears below. Independent retailers use funds loaned by Target-Mart to finance the acquisition of property used in retail food operations. Target-Mart records these loans in its long-term notes receivable account. The net balance of the long-term notes receivable account at the end of 2011 is (in thousands of dollars) $36,731. The following information is available from the company's footnotes:
  Assume the following for purposes of this case:
  
Required:
Determine the market value of the assets financed by Target-Mart at the date of acquisition by the retailer (debtor).