Paper Express Company Has a Balance Sheet Which Lists $85

question 91

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
• E) None of the options are correct.

---

Definitions:

Variability

Variability refers to the degree of dispersion or spread of data points within a dataset, indicating how much the data points differ from each other and from the mean.

Range

The difference between the highest and lowest values in a set of data, indicating the spread of the data.

Highest Score

The maximum score obtained in a set of observations, test results, or other forms of measurement.

Central Tendency

A statistical measure that identifies the middle or central value of a data set, represented by mean, median, or mode.