Question
Chester's Balance Sheet has $60,103,380 in equity. Further, the company is expecting $3,000,000 in net income next year. Assuming no dividends are paid and no
Chester's Balance Sheet has $60,103,380 in equity. Further, the company is expecting $3,000,000 in net income next year.
Assuming no dividends are paid and no stock is issued, what would their Book Value be next year?
$22.33
$16.05
$44.12
$23.44
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
