At the end of the year, Tangshan China Company's balance sheet showed total assets of $60 million,

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At the end of the year, Tangshan China Company's balance sheet showed total assets of $60 million, total liabilities (including preferred shares) of $45 million, and 1,000,000 common shares outstanding.

Based on this information, calculate the book value per ordinary share of Tangshan.

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1285190907

8th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: May 05, 2023 08:28 AM

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At the end of the year, Tangshan China Company's balance sheet showed total assets of $60 million,

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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