The Holtzman Corporation has assets of $418,000, current liabilities of $126,000, and long-term liabilities of $131,000. There is $38,700 in preferred stock outstanding; 20,000 shares of common stock have been issued.
a. Compute book value (net worth) per share. (Round your answer to 2 decimal places.)
Book value per share ?
b. If there is $32,300 in earnings available to common stockholders, and Holtzman’s stock has a P/E of 21 times earnings per share, what is the current price of the stock? (Do not round intermediate calculations. Round your 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 your final answer to 2 decimal places.)
Market value to book value times?
Answers: 3
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The Holtzman Corporation has assets of $418,000, current liabilities of $126,000, and long-term liab...
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