Paper Express Company has a balance sheet which lists $85 million in assets, $40 million in liabilities, and $45 million in comm

Question

2 years ago

9

Paper Express Company has a balance sheet which lists $85 million in assets, $40 million in liabilities, and $45 million in comm

on 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.What is Paper Express's market value per share?

Business

1 answer:

hoa [83] · Answer 1 · 2023-07-24T10:21:41+03:00

Answer:

$90

Explanation:

Based on the information given we were told that after the assets was replaced at the amount of $115 million, the Company market share price was the amount of $90 which simply means that Paper Express's market value per share will be the market share price of the amount of $90.

Therefore Paper Express's market value per share will be $90.