Question
_____4. The following data were gathered from the annual report of YOUR, Inc. Market price per share $ 46.00 Number of common shares 12,000 Preferred
_____4. The following data were gathered from the annual report of YOUR, Inc.
| Market price per share | $ 46.00 |
| Number of common shares | 12,000 |
| Preferred stock, 4% $100 par | $ 10,000 |
| Total Stockholders Equity | $268,000 |
I. The book value per share is:
| a. | $0.00 |
| b. | $23.16 |
| c. | $21.50 |
| d. | $22.33 |
| e. | $46.00
|
- II._____T or F Book value per share differs from market price per share. Book value measures the future potential of the firm and market value is based on historical values and financial reporting concepts reported in the income statement.
_____5. Jasper Corp, has the following Stockholders Equity account balances and activity for Year 2.
| Net income | $12,700,000 |
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| Retained earnings | $15,250,000 |
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|
|
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| Preferred stock shares outstanding | 1,000 |
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| Common stock shares outstanding at January 1, Year 2 | 7,255,000 |
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| Additional Common shares issued at July 1, Year 2 | 20,000 |
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| 3-for-1 stock split at December 31, Year 2 |
|
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| Preferred Dividends | $10,000 |
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| Common Dividends | $62,000 |
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| Year 1 EPS | $2.56 |
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Earnings per share = __________________ / ___________________* = ________
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