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Find the book value per share of ordinary share is

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Reference no: EM132946039

At December 31, the Shareholders' Equity section shows:

Ordinary Share, P 5 par, value 1,320,000 shares issued P 6,600,000

Share Premium-Ordinary P1,400,000

Retained Earnings P 500,000

Treasury Shares, at cost, 120,000 shares P 700,000

Problem 1: The book value per share of Ordinary Share is:

Option 1: P6.50

Option 2: P7.08

Option 3: P6.44

Option 4: P5.91

Reference no: EM132946039

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