Problemamigo software inc has total assets of 891000, Ask an Expert

Accounting

Problem:

Amigo Software, Inc., has total assets of $891,000, current liabilities of $240,000, and long-term liabilities of $188,000. There is $88,000 in preferred stock outstanding. Thirty thousand shares of common stock have been issued.

Requirement:

Question 1: Compute book value (net worth) per share.

Question 2: If there is $50,600 in earnings available to common stockholders and the firm's stock has a P/E of 26 times earnings per share, what is the current price of the stock?

Question 3: What is the ratio of market value per share to book value per share?

Note: Please show basic calculation

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91169587

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