Question
1)What is the book value per share? Market price per share $30.00 Number of common shares 10,000 Preferred stock 5% $100 per $10,000 Common equity
1)What is the book value per share?
Market price per share $30.00
Number of common shares 10,000
Preferred stock 5%
$100 per $10,000
Common equity $140,000
2)What is the debt to equity ratio?
Current liabilities $12.6
Bonds payable 18.6
Lease obligations 2.7
Minority interest 1.4
Common stock 8.6
Retained earnings 22.9
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
