Question

Casper Energy Exploration reports that the corporation’s assets are valued at $185,000,000, its liabilities are $80,000,000, and it has issued 6,000,000 shares of stock. What is the book value for a share of Casper stock? (Round your answer to 2 decimal places.)

Answer 1

$17.5

Step-by-step explanation:

Book value per share

= (Assets - Liabilities) / Number of shares outstanding

= ($185,000,000 - $80,000,000) / 6,000,000

= $17.5