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Paper Express Company has a balance sheet which lists $85 million in assets, $40 million in liabilities, and $45 million in common shareholders'equity. It has 1,400,000 common shares outstanding. The replacement cost of the assets is $115 million. The market share price is $90.

Required:
What is Paper Express's book value per share?

Respuesta :

Answer:

$32.14  

Explanation:

Paper Express's book value per share=book value of shareholders'equity/common shares outstanding

book value of shareholders'equity=$45 million=$45,000,000

Number of common shares outstanding=1,400,000

Paper Express's book value per share=$45,000,000/1,400,000

Paper Express's book value per share=$ 32.14  

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