Question
1. At the end of last year a company had 12 million shares ($2.50 par value) outstanding total owners equity 96 million. Net income in
1. At the end of last year a company had 12 million shares ($2.50 par value) outstanding total owners equity 96 million. Net income in the past year was $25 million, and 11.5 million shares were outstanding on average during the year.
(a) Calculate the companys book value per share at year-end
(b) Calculate the companys earnings per share for the year
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Applied Cost Benefit Analysis
Authors: Robert J. Brent
2nd Edition
1843768917, 978-1843768913
