Ames, Inc., has a current stock price of $58. For the past year, the company had net income of 8,400,000, total equity of $25,300,000, sales of $52,800,000, and 4.6 million shares of stock outstanding. What is book value per share? Select one: a.4,50$ b.6.50$ c.5.50$ d.7.50$

Ames, Inc., has a current stock price of $58. For the past year, the company had net income of 8,400,000, total equity of $25,300,000, sales of $52,800,000, and 4.6 million shares of stock outstanding. What is book value per share? Select one: a.4,50$ b.6.50$ c.5.50$ d.7.50$

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 38MCQ

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Question

Ames, Inc., has a current stock price of $58. For the past year, the company had net income of 8,400,000, total equity of $25,300,000, sales of $52,800,000, and 4.6
million shares of stock outstanding. What is book value per share?
Select one:
a.4,50$
b.6.50$
c.5.50$
d.7.50$

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