d. Php12.24 17. Caramel Company showed the following balances in its balance sheet as at year-end: Php 450,000 Current Assets 1,150,000 Non-current Assets 300,000 Current Liabilities 900,000 Non-current Liabilities 120,000 shares Weighted average of outstanding shares According to the appraisal, 60% of the non-current assets can be replaced at 150% of their reported book value while the remaining balance of the non-current assets has replacement value of 65%. Reported balance of other items approximates their replacement value. How much is the replacement value of Caramel Company at year- end? a. Php584,000 b. Php400,000 c. Php1,784,000 d. Php1,600,000 18. Refer to Caramel Company. What is the book value per share of Caramel Company? a. Php3.33 b. Php4.87 c. Php13.33 d. Php14.87 19. Samsan Company, a start-up company which developed its own data imaging algorithm, is trying to estimate the value of their company. Their latest financial statements showed the following information: 53