Solution-Compute book value per share

Compute book value per share

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Reference no: EM132439156

Problem: Phelps Labs has assets of $452,000, current liabilities of $93,000, and long-term liabilities of $137,000. There is $33,800 in preferred stock outstanding; 20,000 shares of common stock have been issued.

Required:

a. Compute book value (net worth) per share. (Round the final answer to 2 decimal places.)

b. If there is $30,900 in earnings available to common shareholders and Phelp's stock has a P/E ratio of 20 times EPS, what is the current price of the stock? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

c. What is the ratio of market value per share to book value per share? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

Reference no: EM132439156

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Compute book value per share

Reference no: EM132439156

Reference no: EM132439156

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