At the end of last year a company had 12 million shares ($2.50 par value) outstanding...
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At the end of last year a company had 12 million shares ($2.50 par value) outstanding and total owners' equity of $96 million. Net income in the past year was $25 million, and 11.5 million shares were outstanding on average during the year. a. What is the remaining obligation, if any, of a shareholder who purchased shares from the company at $1.00 per share? b. What is the remaining obligation, if any, of a shareholder who purchased shares from the company at $10.00 per share? c. Calculate the company's book value per share at year-end. d. Calculate the company's earnings per share for the year. At the end of last year a company had 12 million shares ($2.50 par value) outstanding and total owners' equity of $96 million. Net income in the past year was $25 million, and 11.5 million shares were outstanding on average during the year. a. What is the remaining obligation, if any, of a shareholder who purchased shares from the company at $1.00 per share? b. What is the remaining obligation, if any, of a shareholder who purchased shares from the company at $10.00 per share? c. Calculate the company's book value per share at year-end. d. Calculate the company's earnings per share for the year.
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Related Book For
Financial reporting, financial statement analysis and valuation a strategic perspective
ISBN: 978-0324789416
7th Edition
Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw
Posted Date:
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