Homework Answers
Total Stockholder's Equity = $600000-150000-120000 = $330000
a.
Book Value per share = (Total Stockholder's Equity - Preferred
Stock) / Common shares
= ($330000 - 75000) / 30000 = $8.50 per share
b.
EPS = $33600 / 30000 = $1.12 per share
Market Price of Share = $1.12 x 12 = $13.44 per share
c.
Ratio = 13.44 / 8.5 = 1.58
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