Reference no: EM133032711
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?
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