Monique's Boutique has assets of $820,000, current liabilities of $181,000, and long-term liabilities of $210,000. There is $90,000 in preferred stock outstanding; 30,000 shares
Monique's Boutique has assets of $820,000, current liabilities of $181,000, and long-term liabilities of $210,000. There is $90,000 in preferred stock outstanding; 30,000 shares of common stock have been issued. a. Compute book value (net worth) per share. (Round the final answer to 2 decimal places.) Book value per share $ b. If there is $52,800 in earnings available to common shareholders and Monique's stock has a P/E ratio of 26 times EPS, what is the current price of the stock? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Current price c. What is the ratio of market value per share to book value per share? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Ratio $
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a The book value per share is computed as follows Assets current llabilities long term llabilitles ...See step-by-step solutions with expert insights and AI powered tools for academic success
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