Compute book value per share-phelps labs

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Phelps Labs has assets of $423,000, current liabilities of $107,000, and long-term liabilities of $90,000. There is $33,300 in preferred stock outstanding; 20,000 shares of common stock have been issued.

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

Book value per share $

b. If there is $33,500 in earnings available to common shareholders and Phelp's stock has a P/E ratio of 16 times EPS, what is the current price of the stock? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

Current price $

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.)

Ratio

Reference no: EM132643795

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