asset values

Question

What is the net asset value of an investment company with $10,000,000 in assets, $790,000 in current liabilities, and 1,200,000 shares outstanding?

 

Answer 1

Net assets is the same as equity.  ("Net" assets because it's the assets less liabilities against them.)

 

Use your accounting equation to solve these:

Assets = Liabilities + Equity

10,000,000 = 790,000 + ?

 

The shares outstanding is totally irrelevant and just a red herring.