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Allie Companys balance sheet revealed total assets of P 7,200,000, total liabilities of P 2,400,000 and 100,00 shares of outstanding ordinary shares. Upon checking with
Allie Companys balance sheet revealed total assets of P 7,200,000, total liabilities of P 2,400,000 and 100,00 shares of outstanding ordinary shares. Upon checking with potential buyers, the assets of Allie can be fetch P 4,320,000 if sold today. Additional P720,000 will also be incurred to cover liquidation expenses. How much is the liquidation value per share of Allie Company?
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