Using the following information for Walnut Ltd , Calculate the value per share using the Asset based method . £m£mNon Current Assets 180Current Assets75 Current Liabilities(25)50 230Financed by: Ordinary Shares (25p) 138Reserves 328% Loan notes 60 230 The disposal value of the fixed assets is estimated at £130m and the realisable value of current assets is estimated at £35m. Recent profit after tax is £27m and a sector P/E ratio is 12Group of answer choices31p per share 64p per share 14.5p per share 25p per share

As given The following is information about Walnut Ltd.The value of non-current assets is 180.75 of…

Answered: Using the following information for…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Using the following information for Walnut Ltd , Calculate the value per share using the Asset based method .

	£m	£m
Non Current Assets		180
Current Assets	75

Current Liabilities	(25)	50
		230
Financed by:
Ordinary Shares (25p)		138
Reserves		32
8% Loan notes		60
		230

The disposal value of the fixed assets is estimated at £130m and the realisable value of current assets is estimated at £35m. Recent profit after tax is £27m and a sector P/E ratio is 12

Group of answer choices

31p per share

64p per share

14.5p per share

25p per share

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