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Having trouble with the ratio for the book value for the common share, preferred share, earnings per share and the price earnings ratio. Not sure
Having trouble with the ratio for the book value for the common share, preferred share, earnings per share and the price earnings ratio. Not sure where i am going wrong.
Other information No dividends were declared or paid for the years ended October 31, 2017 and 2016. 1. The market value per common share at October 31, 2017 and 2016 were $29 and $25 respectively. 2. Book value per common 14.91 share Book value per preferred $22.00 share Earnings per share Price earnings ratio $4.32 6.91 Preferred shares, $1 non-cumulative, 20,000 shares issued and outstanding 100,000 100,000 Common shares, 50,000 shares issued and outstanding 250,000 250,000 Total contributed capital 350,000 350,000 Retained earnings 772,050 1,122,050 1,066,350 1,416,350 Total equity Total liabilities and equity 1,752,450 1,413,000 Preferred shares 20,000 Common Shares 50,000Step by Step Solution
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