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MC Question 20

The following financial information relates to QK Co, whose ordinary shares have a nominal value of $0·50 per share:
$m $m
Non-current assets 120
Current assets
Inventory 8
Trade receivables 12
20
Total assets 140
Equity
Ordinary shares 25
Reserves 80
105
Non-current liabilities 20
Current liabilities 15
Total equity and liabilities
140

On an historic basis, what is the net asset value per share of QK Co?

A. $2·10 per share
B. $2·50 per share
C. $2·80 per share
D. $4·20 per share

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