Paper Express Company has a balance sheet which lists $85 million in assets, $40 million in liabilities, and $45 million in common shareholders' equity.It has 1,400,000 common shares outstanding.The replacement cost of the assets is $115 million.The market share price is $90. What is Paper Express's book value per share?

Question

Quizplus · Accepted Answer

Book value per share is calculated by dividing the common shareholders' equity by the number of common shares outstanding. Here, it's $45 million / 1,400,000 shares = $32.14 per share.

Paper Express Company Has a Balance Sheet Which Lists $85