What is the book value per share? Makers Corp. had additions to retained earnings for the year just ended of $290,000. The firm paid out $193,000 in cash dividends, and it has an ending total equity of $4.98 million. The company currently has 140,000 shares of common stock outstanding. At the beginning of 2010, a corporation had assets of $270,000 and liabilities of $170,000. During 2010, assets increased $12,000 and liabilities increased $1,000. What was stockholders' equity on December 31, 2010? a) 87,000 b) 111,000 c) 159,000 d) 281,000 Grady Home Health has $1,050,000 in Net Patient Accounts Receivable; $350,000 in Other Operating Revenue: Total Operating Expenses of $3,250,000; and $4,500,000 in Net Patient Revenue. Determine the Days in Patient Accounts Receivable (Net AR Days) for this organization. A. 79.0 B. 90.6 C. 85.2 D. 98.3 E. 95.0

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

Provide Correct Answer with calculation

What is the book value per share?
Makers Corp. had additions to retained earnings for the year just ended of $290,000.
The firm paid out $193,000 in cash dividends, and it has an ending total equity of $4.98
million. The company currently has 140,000 shares of common stock outstanding.
At the beginning of 2010, a corporation had assets of $270,000 and liabilities of
$170,000. During 2010, assets increased $12,000 and liabilities increased $1,000.
What was stockholders' equity on December 31, 2010?
a) 87,000
b) 111,000
c) 159,000
d) 281,000
Grady Home Health has $1,050,000 in Net Patient Accounts Receivable; $350,000 in Other
Operating Revenue: Total Operating Expenses of $3,250,000; and $4,500,000 in Net Patient
Revenue.
Determine the Days in Patient Accounts Receivable (Net AR Days) for this organization.
A. 79.0
B. 90.6
C. 85.2
D. 98.3
E. 95.0
Transcribed Image Text:What is the book value per share? Makers Corp. had additions to retained earnings for the year just ended of $290,000. The firm paid out $193,000 in cash dividends, and it has an ending total equity of $4.98 million. The company currently has 140,000 shares of common stock outstanding. At the beginning of 2010, a corporation had assets of $270,000 and liabilities of $170,000. During 2010, assets increased $12,000 and liabilities increased $1,000. What was stockholders' equity on December 31, 2010? a) 87,000 b) 111,000 c) 159,000 d) 281,000 Grady Home Health has $1,050,000 in Net Patient Accounts Receivable; $350,000 in Other Operating Revenue: Total Operating Expenses of $3,250,000; and $4,500,000 in Net Patient Revenue. Determine the Days in Patient Accounts Receivable (Net AR Days) for this organization. A. 79.0 B. 90.6 C. 85.2 D. 98.3 E. 95.0
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
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