Question
Moniques Boutique has assets of $864,000, current liabilities of $166,000, and long-term liabilities of $149,000. There is $96,000 in preferred stock outstanding; 30,000 shares of
Moniques Boutique has assets of $864,000, current liabilities of $166,000, and long-term liabilities of $149,000. There is $96,000 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 $55,300 in earnings available to common shareholders and Moniques stock has a P/E ratio of 28 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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