d) Book value per share

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following information pertains to Walrus Inc.:

 

Cash $60,000

Accounts receivable 170,000

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

Retained earnings 330,000

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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