d) Book value per share
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following information pertains to Walrus Inc.:
Cash $60,000
Inventory 100,000
Plant assets (net) 430,000
Total assets $760,000
Accounts payable $110,000
Accrued taxes and expenses payable 42,000
Long-term debt 120,000
Common stock ($10 par) 260,000
Paid-in capital in excess of par 50,000
Total equities $760,000
Net sales (all on credit) $2,000,000
Cost of goods sold 1,400,000
Net income 120,000
Required:
Compute the following:
d) Book value per share
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