Question
The following information was taken from last year's financial statements of Dianice Industries: Current Liabilities 60,000 Long-term Liabilities 180,000 Preferred Stocks 50,000 Number of Common
The following information was taken from last year's financial statements of Dianice Industries:
Current Liabilities 60,000
Long-term Liabilities 180,000
Preferred Stocks 50,000
Number of Common Shares Outstanding 10,000
The company has a debt-to-equity ratio of 0.96 to 1 at the end of last year. What was the book value per share at the end of last year?
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
