Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

$ 21700 128000 23 2250000 2640000 154900 28300 What is the book value per share

ID: 2556221 • Letter: #

Question

$ 21700

128000

23

2250000

2640000

154900

28300


What is the book value per share for Bonita Industries for the year ended 2018?

Bonita Industries had the following information in its financial statements for the year ended 2017 and 2018:
Common cash dividends for the year 2018

$ 21700

Net income for the year ended 2018

128000

Market price of stock, 12/31/18

23

Common stockholders’ equity, 12/31/17

2250000

Common stockholders’ equity, 12/31/18

2640000

Outstanding shares, 12/31/18

154900

Preferred dividends for the year ended 2018

28300


What is the book value per share for Bonita Industries for the year ended 2018?

$17.04 $14.53 $16.71 $17

Explanation / Answer

Answer a. $17.04 Book Value per Share = Common Stock Holders' Equity / Outstanding Shares Book Value per Share = $2,640,000 / 154,900 shares Book Value per Share = $17.04 per share

Related Questions

#include<stdio.h> #include <string.h> #include <math.h> #define MAXIMUM_LENGTH30
Question #3612928
#include<stdio.h> #include<Windows.h> int main() { int arr[500]; int i = 0; int
Question #3543772
#include<stdio.h> #include<conio.h> #include<string.h> int is_palindrome(char*);
Question #3940522
#include<stdio.h> #include<conio.h> using namespace std; struct date{ int day; i
Question #3611038
#include<stdio.h> #include<conio.h> void binary(unsigned int); // Prototype Decl
Question #3763637
#include<stdio.h> #include<conio.h> void main() { double count,rating,highiestra
Question #3723316
#include<stdio.h> #include<conio.h> void matrix_index(int D, int C); void matrix
Question #3549040
#include<stdio.h> #include<malloc.h> void main() { char *a = \"hey\"; free( a );
Question #3871376

Navigate

Previous
$ 214,695 A partial balance sheet and income statement for King Corporation foll
Next
$ 24,313 $ 1.22 5 203 mon stock outstanding du wration had 20,000 hares of commo

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.