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skelet666 [1.2K]
3 years ago
9

Assume that you have recently purchased 100 shares in an investment company. Upon examining the balance sheet, you note that the

firm is reporting $225 million in assets, $30 million in liabilities, and 10 million shares outstanding. What is the net asset value (NAV) of these shares?
a. $25.50
b.$22.50
c. $19.50
d.$1.95
Business
1 answer:
mina [271]3 years ago
6 0

Answer:

net asset value = $19.5

correct option is c. $19.50

Explanation:

given data

shares = 100

total assets = $225 million

liabilities = $30 million

shares outstanding = 10 million

to find out

net asset value of these shares

solution

we will apply formula for Net assets value of company that is

Net assets value of company =Total assets - liabilities

Net assets value of company =$225 million - $30 million

Net assets value of company = $195 million

so net asset value is

net asset value = \frac{net assets}{share outstanding}

net asset value = \frac{195}{10}

net asset value = $19.5

so correct option is c. $19.50

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hope this help
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3 years ago
Long-term investments include:_____.A. Investments in marketable bonds that are intended to be converted into cash in the short-
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Answer:

B. Investments that are not readily convertible to cash or not intended to be converted to cash in the short term

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Answer:

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8 0
1 year ago
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