Homework Answers
Book value per common share is calculated as Total Shareholder's Equity less Preferred stock (if any) divided by Total Outstanding shares
Book value per common share
20XW- $9.66
20XX - $10.62
Note - The total outstanding shares for 20XW has been assumed to be same as that of 20XX since there are no movements in common stock account.Computation of Book value helps us to understand how the stock of the company has been priced in the market.
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Selected comparative financial statements of Apple-Space
follow:
Apple-Space
Comparative Income Statements
For Years Ended December 31, 2017, 2016, and
2015
2017
2016
2015
Sales
$
464,983
$
356,215
$
247,200
Cost of goods sold
279,920
225,840
158,208
Gross profit
185,063
130,375
88,992
Selling expenses
66,028
49,158
32,630
Administrative expenses
41,848
31,347
20,518
Total expenses
107,876
80,505
53,148
Income before taxes
77,187
49,870
35,844
Income taxes
14,357
10,223
7,276
Net income
$
62,830
$
39,647
$
28,568
Apple-Space
Comparative Balance Sheets...
DELL Saved Help Save & 3 Given is the Income Statement for the year ended December 31, 20XX, Statement of Retained Earnings for the year ended December 31, 20XX and Comparative Balance Sheets for 20XW and 20XX of Maris Corporation: ed Maris Corporation Income Statement Year Ended December 31, 20xx Sales Cost of goods sold Gross profits Selling and administrative expense Amortization expense $5,500,000 3,725,000 1,775,000 710,000 230,00 at Operating income Interest expense nces 835,000 -50,000 Earnings before taxes Taxes...
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$164,270 GREAT ADVENTURES, INC Income Statement For the year ended December 31, 2022 Net revenues : Expenses: Cost of goods sold $38,500 Operating expenses 51, 4ee Depreciation expense Interest expense Income tax expense 14,500 Total expenses Net income 17,250 6,785 128,435 $ 35,835 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 2022 2021 Increase (I) or Decrease (D) $ $ 64,500 180,568 47,689 7,880 Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings...
Selected comparative financial statements of Apple-Space
follow:
Apple-Space
Comparative Income Statements
For Years Ended December 31, 2017, 2016, and
2015
2017
2016
2015
Sales
$
464,983
$
356,215
$
247,200
Cost of goods sold
279,920
225,840
158,208
Gross profit
185,063
130,375
88,992
Selling expenses
66,028
49,158
32,630
Administrative expenses
41,848
31,347
20,518
Total expenses
107,876
80,505
53,148
Income before taxes
77,187
49,870
35,844
Income taxes
14,357
10,223
7,276
Net income
$
62,830
$
39,647
$
28,568
Apple-Space
Comparative Balance Sheets...
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