How much is the book value per share?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:At December 31, the stockholders' equity section shows:
Ordinary share capital, P5 par value; 1,320,000
shares issued and 1,200,000 shares outstanding
P6,600,000
Share Premium
P1,400,000
Retained earnings
P500,000
Treasury shares, (120,000 shares)
P700,000
Total shareholders' equity
P7,800,000.
How much is the book value per share?
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