The following information are related to Citrus Corporation: Sales Asset Turnover Debt to Equity Ratio Weighted average outstanding shares Php 15,000,000 3.0x 1.5 200,000 shares Asset turnover only considered asset balance as of December 31. How much is the book value per share of Citrus Corporation based an the foregoing information? a. Php75.00
The following information are related to Citrus Corporation: Sales Asset Turnover Debt to Equity Ratio Weighted average outstanding shares Php 15,000,000 3.0x 1.5 200,000 shares Asset turnover only considered asset balance as of December 31. How much is the book value per share of Citrus Corporation based an the foregoing information? a. Php75.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following information are related to Citrus Corporation:
Sales
Asset Turnover
Debt to Equity Ratio
Weighted average outstanding shares
Php 15,000,000
a. Php75.00
b. Php25.00
c. Php15.00
d. Php10.00
3.0x
1.5
200,000 shares
Asset turnover only considered asset balance as of December 31.
How much is the book value per share of Citrus Corporation based
an the foregoing information?
Transcribed Image Text:a Spice Corporation reported 500,000 ordinary shares at the
beginning of 2020. In the beginning of the second quarter, convertible
bondholders opted to exercise their option to convert to shares,
resulting to additional 100,000 shares. In October 1, Spice
Corporation bought back 50,000 shares as they have spare cash.
What is the weighted average outstanding shares for 2020?
a. 600,000 shares
b. 562,500 shares
c. 550,000 shares
d. 500,000 shares
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