ABC Corporation has assets that total $21 million and liabilities that total $3 million. It also has 840,000 shares of stock outstanding. What is the book value per share? Multiple Choice $3.57 $25.00 $42.86 $21.43 $6.13
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The book value is calculated by subtracting the liabilities from the assets. Book value = Total assets - Total liabilities Book value = $21 million - $3 million Book value = $18 million Show more…
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