FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
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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