Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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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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