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What is the current price of the stock

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Question 1 - Prepare in good form an income statement for Virginia Slim Wear. Take your calculations all the way to computing earnings per share.

Sales $1,360,000

Shares outstanding 104,000

Cost of goods sold 700,000

Interest expense 34,000

Selling and administrative expense 49,000

Depreciation expense 23,000

Preferred stock dividends 86,000

Taxes 100,000

Question 2 - The Holtzman Corporation has assets of $400,000, current liabilities of $50,000, and long-term liabilities of $100,000. There is $40,000 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 $22,000 in earnings available to common stockholders and Holtzman's stock has a P/E of 18 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: EM132061503

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