Granfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $41,
1 answer:
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Answer: 35.71%
Explanation:
Value of assets sold and replaced(D) = Stock × Share price
= 600,000 × $25
= $15,000,000.
Value of all assets = (Stock × Share price) of A + (Stock × Share price) of B + (Stock × Share price) of C + (Stock × Share price) of D
= (200,000 × $35) + (300,000 × $40) + (400,000 × $20) + (600,000 × $25)
= $42,000,000
= 0.3571
= 35.71%