A company has total assets of $13,100,000; net earnings of $1,400,000; total stockholders' equity of $5,700,000; common stock of $1,800,000 and preferred stock of $500,000. During the year there were 900,000 shares of common stock and 10,000 shares of preferred stock outstanding. Calculate book value per share.
A company has total assets of $13,100,000; net earnings of $1,400,000; total stockholders' equity of $5,700,000; common stock of $1,800,000 and preferred stock of $500,000. During the year there were 900,000 shares of common stock and 10,000 shares of preferred stock outstanding. Calculate book value per share.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A company has total assets of $13,100,000; net earnings of $1,400,000; total stockholders' equity of
$5,700,000; common stock of $1,800,000 and preferred stock of $500,000. During the year there were
900,000 shares of common stock and 10,000 shares of preferred stock outstanding. Calculate book
value per share.
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