Below is the Statement of Financial Position of Camille Corporation for the year 2020. Cash 675,000 Accounts receivable (net) 2,695,000 Inventory 2,185,000 Property, plant, and equipment (net) 10,245,000 Accounts payable and accrued liabilities 1,800,000 Income tax payable 1,500,000 Deferred tax liability 750,000 Ordinary share (100,000 @ P15 per share) 1,500,000 Preference share (50,000 @ P20 per share) 1,000,000 Ordinary share premium 3,000,000
Below is the Statement of Financial Position of Camille Corporation for the year 2020. Cash 675,000 Accounts receivable (net) 2,695,000 Inventory 2,185,000 Property, plant, and equipment (net) 10,245,000 Accounts payable and accrued liabilities 1,800,000 Income tax payable 1,500,000 Deferred tax liability 750,000 Ordinary share (100,000 @ P15 per share) 1,500,000 Preference share (50,000 @ P20 per share) 1,000,000 Ordinary share premium 3,000,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![3. Below is the Statement of Financial Position of Camille Corporation for the year 2020.
Cash
675,000
Accounts receivable (net)
2,695,000
Inventory
2,185,000
Property, plant, and equipment (net)
10,245,000
Accounts payable and accrued liabilities
1,800,000
Income tax payable
1,500,000
Deferred tax liability
750,000
Ordinary share (100,000 @ P15 per share)
1,500,000
Preference share (50,000 @ P20 per share)
1,000,000
Ordinary share premium
3,000,000
Retained earnings, January 1
3,350,000
Net sales and other revenue
15,000,000
Cost and expenses
10,000,000
Income tax expense
2,100,000
27,900,000
27,900,000
a. Supposed that the given values above are the accounting values of the Camille Corporation, what is its
book value per share?
b. Suppose that the market value of property, plant, and equipment of Camille Corporation increased by
P3 million while all other assets remain the same. How much is the liquidation value per share of Camille
Corporation?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F19bdc774-ef73-4c1f-9a2c-b3df531a9b3c%2F4a3e728a-571e-4ddc-a444-e3a0d68717f4%2Fmix3h7c_processed.png&w=3840&q=75)
Transcribed Image Text:3. Below is the Statement of Financial Position of Camille Corporation for the year 2020.
Cash
675,000
Accounts receivable (net)
2,695,000
Inventory
2,185,000
Property, plant, and equipment (net)
10,245,000
Accounts payable and accrued liabilities
1,800,000
Income tax payable
1,500,000
Deferred tax liability
750,000
Ordinary share (100,000 @ P15 per share)
1,500,000
Preference share (50,000 @ P20 per share)
1,000,000
Ordinary share premium
3,000,000
Retained earnings, January 1
3,350,000
Net sales and other revenue
15,000,000
Cost and expenses
10,000,000
Income tax expense
2,100,000
27,900,000
27,900,000
a. Supposed that the given values above are the accounting values of the Camille Corporation, what is its
book value per share?
b. Suppose that the market value of property, plant, and equipment of Camille Corporation increased by
P3 million while all other assets remain the same. How much is the liquidation value per share of Camille
Corporation?
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