Solution-Market value per share to book value per share

Market value per share to book value per share

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Reference no: EM13555981

Book value and market value The Rockford Corporation has assets of $380,000, current liabilities of $40,000, and long-term liabilities of $70,000. There is $30,000 in preferred stock outstanding; 20,000 shares of common stock have been issued.

a. Compute book value net worth per share.

b. If there is $25,000 in earnings available to common stockholders and Rockfords stock has a P/E of 15 times earnings per share, what is the current price of the stock?

c. What is the ratio of market value per share to book value per share?

Reference no: EM13555981

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Market value per share to book value per share

Reference no: EM13555981

Reference no: EM13555981

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