FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Using the following information for Walnut Ltd , Calculate the value per share using the Asset based method . 

 

£m

£m

Non Current Assets

 

180

Current Assets

75

 

 

 

 

Current Liabilities

(25)

50

 

 

230

Financed by:

 

 

Ordinary Shares (25p)

 

138

Reserves

 

32

8% Loan notes

 

60

 

 

230

 

 

 

 

The disposal value of the fixed assets is estimated at £130m and the realisable value of current assets is estimated at £35m. Recent profit after tax is £27m and a sector P/E ratio is 12

Group of answer choices

31p per share

 

64p per share

 

14.5p per share

 

25p per share

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