Waldo Lt Balance sheet £m £m Non Current Assets 180 Current Assets 75 Current Liabilities (25) 50 230 Financed by: Ordin

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Waldo Lt Balance sheet
£m
£m
Non Current Assets
180
Current Assets
75
Current Liabilities
(25)
50
230
Financed by:
Ordinary Shares (25p)
138
Reserves
32
8% Loan notes
60
230
The realisable value of the fixed assets is estimated at £135m
and the realisable value of current assets is estimated at £45m.
Recent profit after tax is £37m and a sector P/E ratio is 12.
Using the information above, calculate the firm value per
share using the realisable value method for the shares
in Waldo Ltd.
Group of answer choices
£0.70 or 70p per share
£0.14 or 14p per share
£0.17 or 17p
£0.31 or 31p per share