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Assume that you have recently purchased 160 shares in an investment company. Upon examining the balance sheet, you note that the firm is reporting $220 million in assets, $60 million in liabilities, and 16 million shares outstanding. What is the net asset value (NAV) of these shares

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Answer:

$10

Explanation:

In the given question the following information is below:-

Assets = $220

Liabilities = 60

Number of shares = 160

The calculation of the net asset value is as shown below:-

Net Assets = Assets - Liabilities

= $220 - 60

= $160

Net asset value = Net assets ÷ Number of shares purchased

= $160 ÷ 160

So, the net value assets = $10

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