Homework Help is Here – Start Your Trial Now!
Business
Accounting
Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015: Cash dividends for the year 2015                      $       10,000 Net income for the year ended 2015                           83,000 Market price of stock, 12/31/14                                          10 Market price of stock, 12/31/15                                          12 Common stockholders’ equity, 12/31/14                1,600,000 Common stockholders’ equity, 12/31/15                1,785,600 Outstanding shares, 12/31/15                                   180,000 Preferred dividends for the year ended 2015              15,000   What is the book value per share for Layne Corporation for the year ended 2015? a. $11.00 b. $9.92 c. $9.94 d. $8.89

Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015: Cash dividends for the year 2015                      $       10,000 Net income for the year ended 2015                           83,000 Market price of stock, 12/31/14                                          10 Market price of stock, 12/31/15                                          12 Common stockholders’ equity, 12/31/14                1,600,000 Common stockholders’ equity, 12/31/15                1,785,600 Outstanding shares, 12/31/15                                   180,000 Preferred dividends for the year ended 2015              15,000   What is the book value per share for Layne Corporation for the year ended 2015? a. $11.00 b. $9.92 c. $9.94 d. $8.89

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015:

Cash dividends for the year 2015                      $       10,000

Net income for the year ended 2015                           83,000

Market price of stock, 12/31/14                                          10

Market price of stock, 12/31/15                                          12

Common stockholders’ equity, 12/31/14                1,600,000

Common stockholders’ equity, 12/31/15                1,785,600

Outstanding shares, 12/31/15                                   180,000

Preferred dividends for the year ended 2015              15,000

 

What is the book value per share for Layne Corporation for the year ended 2015?

a. $11.00

b. $9.92

c. $9.94

d. $8.89

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS