Equity Investments Q172

0. Given the following information:
Number of shares outstanding = 200,000 Price per share = $102
Total assets = $24,000,000
Total liabilities = $10,500,000
Net Income = $6,000,000
The book value of the company is closest to:

Answer
Comment
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Option : C
Explanation : Book value = Total assets – Total liabilities = $24,000,000 - $10,500,000 = $13,500,000.

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