The table below shows the balance sheet of a particular company. All amounts shown are in millions of dollars. If the company has 4 million outstanding shares outstanding and those shares are trading at $8.24 per share, what does that tell you about how investors see the book value of this firm?

Balance

assets		obligations
Current Assets		Current Liabilities
in advance	50	Accounts payable	42
Accounts receivable	22	Notes payable/short-term debt	7
stocks	17
Total current assets	89	Total current responsibilities	49
Long-Term Assets		long-term liabilities
Net property, plant and equipment	121	long-term debt	128
Total long-term assets	121	Total long-term liabilities	128
		Total liabilities	177
		Joint capital	33
Total Assets	210	Total Liabilities and Equities	210

Answer rating: 100% (QA)

To determine how investors see the book value of this firm we need to calculate the book value per s... View the full answer