Question

Atlantic Coast Resources Company had the following balance sheet at the end of 2014:


Atlantic Coast Resources is concerned about its book value per share, which is computed by dividing the total equity on the balance sheet by the number of outstanding shares of stock.
a. What is the book value per share of Atlantic’s common stock?
b. Suppose the firm sold the remaining authorized shares and netted $32.55 per share from the sale. What would be the new book value pershare?


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  • CreatedNovember 24, 2014
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