Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bingo's Fishin Shack has assets of $300,000, current liabilities of $30,000, and long term liabilities of $65,000. Preferred shares outstanding is $45,000 and 20,000 common

Bingo's Fishin Shack has assets of $300,000, current liabilities of $30,000, and long term liabilities of $65,000. Preferred shares outstanding is $45,000 and 20,000 common shares have been issued. Question 23 (2 points) What is the book value per common share? $10.25 $8.00 $15.00 $6.55 Question 24 (2 points) There is $34,000 in earnings available to the common shareholders. The common shares have a P/E ratio of 16. What is the current market price of the stock? $21.64 $36.00 $27.20 $1.70 Question 25 (2 points) What is the ratio of market value per share to book value per share? 3.30 3.36 3.32 3.40 Question 26 (2 points) What is the dividend yield? 6.25% 7.14% 21.25% Cannot calculate with the given information

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Double Entry Exercises 40 Full Cycle Accounting Cases With Solutions

Authors: L Castelluzzo

1st Edition

1731173954, 978-1731173959

More Books

Students also viewed these Accounting questions