Answer this question based on the following information about a company: Revenues, $20 million; costs, $15 million; assets, $30

Question

cricket20 [7]

3 years ago

6

Answer this question based on the following information about a company: Revenues, $20 million; costs, $15 million; assets, $30

million; stockholders’ equity, $10 million; number of shares, 3 million; price per share, $20. Market value is_________

Business

2 answers:

andrezito [222] · Answer 1 · 2022-03-15T10:50:51+03:00

Answer:

$60,000,000

Explanation:

Market value is simply defined as the price an asset would fetch in the marketplace, or the value that the investment community gives to a particular equity or business.

Formula for market value is given as

Company's Share × Current Market price per share.

Therefore, given that

Numbet of shares = 3,000,000

Price of share = $20

Then, MV = 3,000,000 × 20

= $60,000,000

DaniilM [7] · Answer 2 · 2022-03-15T12:32:14+03:00

Answer:

The answer is $60milliin

Explanation:

Market share is the total value a company is being perceived by investors.

It is calculated by multiplying the total number of outstanding shares by share price(price per share)

Therefore, 3million x $20

$60million.

Market value = $60million