5. Assuming that on July 1, 2020, Kangaroo Company purchased its own share atP10.00. How much is the book value per share for the year 2020?6. Assuming that there is a cumulative and participating preference share, how thiswill affect the book value per share computation? Explain briefly.PROVIDE A SOLUTIONAND NO PLAGIARISMTHANK YOU! Problem 1The balance sheet of Kangaroo Company as of December 31 is presented below:Assets20192020P 45,00060,00060,00070,000300,000(45,000)P490,000P 60,00085,00080,000100,000300,000(80,000)P545,000CashMarketable SecuritiesAccounts Receivable (net)InventoryProperty, Plant and EquipmentAccumulated DepreciationTotal AssetsLiabilities and Shareholder's EquityAccounts PayableShort-term Notes PayableBonds PayableOrdinary SharesRetained EarningsTotal Liabilities and Shareholder's Equity35,00050,00085,000200,000120,000P490,00045,00050,00075,000225,000150,000P545,000Ordinary shares have par value of P5.00 per share. In April 1, 2020, the KangarooCompany issued additional shares as part of its funding plan.

Book Value Per Share: In the financial world, book value per share (BVPS) is defined as the ratio of…

The balance sheet of Kangaroo Company as of December 31 is presented below. Assets Cash Marketable Securities 2019 P 45,000 60,000 60,000 70,000 300,000 (45,000) P490,000 2020 P 60,000 85,000 80,000 100,000 300,000 (80,000) P545,000 Accounts Receivable (net) Inventory Property, Plant and Equipment Accumulated Depreciation Total Assets Liabilities and Shareholder's Equity Accounts Payable Short-term Notes Payable Bonds Payable Ordinary Shares Retained Earnings Total Liabilities and Shareholder's Equity 35,000 50,000 85,000 200,000 120,000 P490,000 45,000 50,000 75,000 225,000 150,000 P545,000 Ordinary shares have par value of P5.00 per share. In April 1, 2020, the Kangaroo Company issued additional shares as part of its funding plan.

The balance sheet of Kangaroo Company as of December 31 is presented below. Assets Cash Marketable Securities 2019 P 45,000 60,000 60,000 70,000 300,000 (45,000) P490,000 2020 P 60,000 85,000 80,000 100,000 300,000 (80,000) P545,000 Accounts Receivable (net) Inventory Property, Plant and Equipment Accumulated Depreciation Total Assets Liabilities and Shareholder's Equity Accounts Payable Short-term Notes Payable Bonds Payable Ordinary Shares Retained Earnings Total Liabilities and Shareholder's Equity 35,000 50,000 85,000 200,000 120,000 P490,000 45,000 50,000 75,000 225,000 150,000 P545,000 Ordinary shares have par value of P5.00 per share. In April 1, 2020, the Kangaroo Company issued additional shares as part of its funding plan.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.17P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Earnings per share on common stock
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