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MC Question 20
Formulae & Tables
FM (F9) Formulae Sheet
You will get this Formula Table at the exam so learn well how to apply it in your FM (F9) Exam
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