PART B: EQUITY VALUATION 5

Subject:FinancePrice:2.86 Bought3

Share With

PART B: EQUITY VALUATION 5. At year-end, the Tangshan China Company balance sheet showed total assets of $60 million, total liabilities (including preferred stock) of $45 million, and 1,000,000 shares of common stock outstanding. Based on this information, Tangshan's book value per share of common stock is (5 marks)