Question: Ace common stock currently sells for 65php per share. the firm has a total assets of 1,500,000 and total liabilities, including preferred stock of 300,000.

Ace common stock currently sells for 65php per share. the firm has a total assets of 1,500,000 and total liabilities, including preferred stock of 300,000. if ace has 15,000 shares of common stock outstanding, how much is the liquidation value per share if this approximates book value a. 350php b. 80php c. 65php d. 100php

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