Answer:
The answer is $54.02
Explanation:
Net asset is the difference between total assets and total liabilities
Total assets are $10.6 million
Total liabilities are $607,000
= $10,600,000 - $607,000
Net assets = $9,993,000
Therefore, net asset value if there are 185,000 shares outstanding is Net assets/outstanding shares
$9,993,000/185,000
=$54.02
