Harper industries has $800 million of common equity on its balance sheet; its stock price is $20 per share; and its market value added (mva) is $120 million. how many common shares are currently outstanding? write out your answer completely. for example, 5 million shares should be entered as 5,000,000. round your answer to the nearest whole number, if necessary.

Common shares outstanding = 40,000,000

Explanation:

We will calculate as follows:

Common shares outstanding = common equity / price per share

Common shares outstanding = 800,000,000/ 20

Common shares outstanding = 40,000,000

The market value added (MVA) is not taken into account because it´s an amount that came from the market and not from the relationship between the company and the owners  

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