Avanti Assets!

[mfg]

At the time of the creation of the timeless Studebaker Avanti,total  cash assets of the Studebaker Corporation were only....................?

1) 3.5 million dollars......2) 6 million dollars........3) 10.5 million dollars.......or.....4) 15 million dollars

[mfg]

No one remembers how much Studebaker had in the bank?

[r1lark]

It was $50 million at the end of 1961, but I don't have a 1962 Annual Report. I'll say $15 million, answer 4).

[mfg]

4 hours ago, r1lark said:

It was $50 million at the end of 1961, but I don't have a 1962 Annual Report. I'll say $15 million, answer 4).

You may be correct, however, an older article written by Richard Langworth indicated it was 6 million.

[r1lark]

2 hours ago, mfg said:

You may be correct, however, an older article written by Richard Langworth indicated it was 6 million.

I'm sure Mr. Langworth had access to all the annual reports, so I sure would go with his number.