Answer:
net asset value = $19.5
correct option is c. $19.50
Explanation:
given data
shares = 100
total assets = $225 million
liabilities = $30 million
shares outstanding = 10 million
to find out
net asset value of these shares
solution
we will apply formula for Net assets value of company that is
Net assets value of company =Total assets - liabilities
Net assets value of company =$225 million - $30 million
Net assets value of company = $195 million
so net asset value is
net asset value = [tex]\frac{net assets}{share outstanding}[/tex]
net asset value = [tex]\frac{195}{10}[/tex]
net asset value = $19.5
so correct option is c. $19.50
