Solve Test Your Understanding 1 as per the instruction requirements given

Ter your understanding 1 (Integration question) the summarised balance sheet (statement of financial position) of Owen al 31 December 20X7 is as follows: d on accounting Assets re very different from Non-current assets 23,600 Current assets The valuation of 8.400 32,000 Equity and liabilities ill usually give a Capital and reserves company's $1 Ordinary shares 8,000 t value the Retained earnings ssets, 11,200 he Non-current liabilities 19,200 nancial 6% Unsecured bond Current liabilities 8,000 the 4,800 32,000 Required: Calculate the value of one ordinary share in Owen, using an asset based valuation method. Fowler is wanting to make a bid for Owen. It has estimated that the replacement cost of Owen's non-current assets is $40 million. Required: Calculate the value of a share in Owen from Fowler's perspective