In return on equity, the numerator is the net income that we got, so it's 350,000.

One, what shares are share of

Remember the shares are split of the owner's equities not the split of the assets

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Because the balance sheet is often called the company's books.

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And just to kind of tie it a little bit with what we did in the first video, if we have a million shares, the book value of the equity is 5 million, so if we say the book value per share is just going to be this number divided by the million shares I have.

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I didn't want to go there in the first video, and that's why I just said operating profit divided by assets.

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And so we took this number as the numerator and we divided by the number of assets.

These should be at equal size, and now the NAV per share is going to be 1,800 divided by 10, or 180.

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Media business, or any other business, it needs to be capitalized.

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But you do skim profits from your investors at your club, to milk your investors out of profits?

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How much is each share worth, if we believe all of these numbers?

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My liabilities would be 145,000.

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