H36 X fx Problem 2-19 Instructions Use the following facts to solve the problem. Assets $6,00,000 Current liabilities 1,50,000 Long-term liabilities 1,20,000 Preferred stock 75,000 Shares of common 30,000 Solution a Compute book value (net worth) per share. Total assets - Current liabilities -Long-term liabilities Shareholders' equity -Preferred stock Net worth assigned to common Common shares outstanding Book value (net worth) per share $6,00,000 1,50,000 120,000 $0,000 CELL REF FORMULA CELL REF FORMULA b. If there is $33,600 in earnings available to common shareholders and Monique's stock has a P/E rat times earnings per share, what is the current price of the stock? Earnings available to common Shares outstanding Earnings per share Current Price PIE Ratio Earnings per share Current Price $33,600 CELL REF FORMULA 12 CELL REF FORMULA = market value per share c. What is the ratio of market value per share to book value per share? Market share per share CELL REF Book value per share CELL REF Ratio of market value to book value FORMULA Problem 2-19 Ready Accessibility: Unavailable Type here to search