Karina's Caribbean Foods had total assets as recorded on its balance sheet of $1,500,000. What is the book value of the Karina's common stock if it has $950,000 in liabilities, and 7,500 shares of common stock outstanding?
What will be an ideal response?
Stock price = ($1,500,000 - $950,000) / 7,500 = $73.33
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What will be an ideal response?
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