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How much is the replacement value per share

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Reference no: EM133026374

PROBLEM - Mikay and Gino Corp. has 55% of the non-current assets which has an estimated replacement value of 150% of the recorded net book value which is amounted to P 2,500,000,000 and the remaining has an estimated replacement value of 70% of the recorded net book value.

Additional Information: Current assets: P875,000,000

Current liabilities: P100,000,000

Non-current liabilities: P455.000,000

Oustanding shares: 1,500,000

Required -

1. How much is the total adjusted noncurrent assets of the affected items?

2. How much is the total assets' replacement value?

3. How much is the replacement value per share?

Reference no: EM133026374

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