Question
The following information are related to YouGotIt Corporation: Sales- P15,000,000 Asset Turnover- 3.0x Weighted average outstanding shares- 200,000 shares Asset turnover only considered asset balance
The following information are related to YouGotIt Corporation: Sales- P15,000,000 Asset Turnover- 3.0x Weighted average outstanding shares- 200,000 shares Asset turnover only considered asset balance as of December 31. The company's cost of debt after tax is 15% and Weighted Average Cost of Capital is 12%. Weighted Cost of Equity is 3%. How much is the book value per share of YouGotIt Corporation based on the foregoing information?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Principles of Financial Accounting
Authors: Belverd E. Needles, Marian Powers
12th edition
978-1133940562, 1133940560, 978-1285608464, 1285608461, 1133939287, 978-0357693605, 978-1285607047, 128560704X, 978-1133939283
