Belmont Abbey (BA) has total assets of $8,500,000. What is the book value of the BA’s...
Belmont Abbey (BA) has total assets of $8,500,000. What is the book value of the BA’s common stock if it has $2,000,000 in liabilities, and 12,500 shares of common stock outstanding?
Homework Answers
| Total assets | a | $ 85,00,000 | |
| Total Liabilities | b | $ 20,00,000 | |
| Book value of common stocks | c=a-b | $ 65,00,000 | |
| Number of shares outstanding | d | 12500 | |
| Book value per share | e=c/d | $ 520 | |
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