Question 27 Not yet answered Marked out of 1.00 Flag question 30 6 Following is the balance sheet of Sunpharma LLC as on March 31, current year( figures in millions): Liabilities OMR Assets OMR Share capital Fixed assets 80,000 at 11% preference 8.0 Less: Depreciation 24.0 share of OMR100 120000 equity shares at OMR24.0 Current assets: 200 each, fully paid up Profit and loss account Stocks 10% debentures 4.0 Accounts receivable 10 Trade creditors Cash and bank 32.0 Provision for income tax Preliminary expenses 4.6 20 14.2 2 1.6 0.4 56.4 56.4 Additional Information: A firm of professional valuers has provided the following market estimates of its various assets: fixed assets OMR 26 millions, stocks OMR 20.4 millions, debtors OMR 9 millions. All other assets are to be taken at their balance sheet values. The company is yet to declare and pay dividend on preference shares. The valuers also estimate the current sale proceeds of the firm's assets, in the event of its liquidation: fixed assets OMR 21 millions, stock OMR 18 millions, debtors OMR 8 millions. Besides, the firm is to incur OMR 3 millions as liquidation costs. You are required to compute the net asset value per share as per market value. OMR 144.34 OMR 270.65 OMR 239.34 OMR 227.66