savannahsharp7526 savannahsharp7526

19-04-2021
Business

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ABC Corporation has total assets of 120 million, total liabilities of 80 million, Goodwill of 12 million, and 4 millions of shares outstanding. If you believe the reasonable price to tangible book value should be 1.6 for this company, what is the implied share price of ABC

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Parrain Parrain

20-04-2021

Answer: $16

Explanation:

Implied share price = Book value per share * Price to tangible book value

Book value per share = (Assets - Liabilities) / Number of shares outstanding

= (120 - 80) / 4

= $10

Implied share price = 10 * 1.6

= $16

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