Ron’s Rodents Co. has total assets of $5 million, total short- and long-term debt of $2.8 million, and $400,000 worth of 8% preferred stock outstanding. What is the firm’s total
book value? What would its book value per share be if the firm had 50,000 shares of common stock outstanding?

Answer rating: 100% (QA)

Answer Book Value per share 36 Calculation Given Da... View the full answer