Red Stapler Company Has a Balance Sheet Which Lists $85

question 20

Multiple Choice

Red Stapler 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 Red Stapler's book value per share?

• A) $1.68
• B) $2.60
• C) $32.14
• D) $60.71
• E) None of the options are correct.

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Definitions:

School Start Time

The designated time at which school classes begin for the day, which can significantly impact students' sleep, health, and learning.

Risky Activity

Engagements or behaviors that involve a significant likelihood of suffering harm or loss.

Self-Control

The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.

Inhibition

The psychological process that restrains or suppresses an impulse, desire, or behavior.