ABC Co. has a 40% debt to equity ratio and a total asset base of P35,000,000. Equity includes 500 pieces of preference shares with P10,000 par value and P10,200 liquidating value each. How much is the book value per ordinary share if there are 250,000 ordinary shares outstanding? P63.60 P64.00 P79.60 P120.00 answer not given

ABC Co. has a 40% debt to equity ratio and a total asset base of P35,000,000. Equity includes 500 pieces of preference shares with P10,000 par value and P10,200 liquidating value each. How much is the book value per ordinary share if there are 250,000 ordinary shares outstanding? P63.60 P64.00 P79.60 P120.00 answer not given

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter14: Statement Of Cash Flows

Section: Chapter Questions

Problem 32BEB: During 20X2, Evans Company had the following transactions: a. Cash dividends of 6,000 were paid. b....

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