Question 8

Intro Minnesota Manufacturing's balance sheet showed total equity of $3,000,000 and 300,000 shares of common stock outstanding on 12/31/2019. During 2020, the firm had $520,000 of net income, and it paid out $150,000 in dividends. Part 1 Attempt 1/3 for 10 pts. What was the book value per share on 12/31/2020, assuming no new common stock was issued during 2020? Hint: you need to first figure out the amount of total equity on 12/31/2020, and then calculate book value per share on 12/31/2020 Remember that Total equity = Paid-in capital + Retained earnings Therefore Total equity2020 = Total equity2019 + Addition to Paid-in capital + Addition to Retained earnings 1+ decima Submit Part 2 Attempt 1/3 for 10 pts. How much is the Earnings per share (EPS) for 2020? 2+ decima Submit Part 3 Attempt 1/3 for 10 pts. How much is the Dividends per share (DPS) for 2020? 2+ decima Submit