Paper Express Company Has a Balance Sheet Which Lists $85

question 105

Multiple Choice

Paper Express Company has a balance sheet which lists $85 million in assets, $40 million in liabilities, and $45 million in common shareholders' equity.It has 1,400,000 common shares outstanding.The replacement cost of the assets is $115 million.The market share price is $90. What is Paper Express's book value per share?

• A)$1.68
• B)$2.60
• C)$32.14
• D)$60.71

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