The following information are related to Spade Corporation: Sales P 15,000,000 Asset Turnover 3.0 X Debt to Equity Ratio 1.5 Weighted average outstanding shares 200,000 shares Asset Turnover only considered asset balance as of December 31. How much is the book value per share of Spade Corporation based on the foregoing information?
The following information are related to Spade Corporation: Sales P 15,000,000 Asset Turnover 3.0 X Debt to Equity Ratio 1.5 Weighted average outstanding shares 200,000 shares Asset Turnover only considered asset balance as of December 31. How much is the book value per share of Spade Corporation based on the foregoing information?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...
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The following information are related to Spade Corporation:
Sales P 15,000,000
Asset Turnover 3.0 X
Debt to Equity Ratio 1.5
Weighted average outstanding shares 200,000 shares
Asset Turnover only considered asset balance as of December 31.
How much is the book value per share of Spade Corporation based on the foregoing information?
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