What is the book value of the firm for founder of alchemy


The founder of Alchemy Products Inc. discovered a way to turn gold into lead and patented this new technology. He then formed a corporation and invested $2,400,000 in setting up a production plant. He believes that he could sell his patent for $72 million.

Problem a. What is the book value of the firm? (Enter your answer in dollars not in millions.)

Problem b. What is the market value of the firm? (Enter your answer in dollars not in millions.)

Problem c. If there are two million shares of stock in the new corporation, what would be the book value per share? (Round your answer to 2 decimal places.)

Problem d. If there are two million shares of stock in the new corporation, what would be the price per share? (Round your answer to 2 decimal places.)

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Managerial Accounting: What is the book value of the firm for founder of alchemy
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