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?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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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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