Coastal Electronics has a total stockholders' equity of $3,750,000. The company reported net income of $825,000 for the most recent year, which translates to earnings of $0.55 per share. If there are 1,500,000 shares outstanding, what is the book value per share?

Coastal Electronics has a total stockholders' equity of $3,750,000. The company reported net income of $825,000 for the most recent year, which translates to earnings of $0.55 per share. If there are 1,500,000 shares outstanding, what is the book value per share?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Coastal Electronics has a total stockholders' equity of $3,750,000.
The company reported net income of $825,000 for the most recent
year, which translates to earnings of $0.55 per share. If there are
1,500,000 shares outstanding, what is the book value per share?

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