Monday, 30 September 2019

The Holtzman Corporation has assets of $444,000, current liabilities of $51,000, and long-term liabilities of

The Holtzman Corporation has assets of $444,000, current liabilities of $51,000, and long-term liabilities of $71,000. There is $35,500 in preferred stock outstanding; 20,000 shares of common stock have been issued. 

a. Compute book value (net worth) per share. (Round your answer to 2 decimal places.)
  



b. If there is $25,700 in earnings available to common stockholders, and Holtzman’s stock has a P/E of 19 times earnings per share, what is the current price of the stock? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
  


c. What is the ratio of market value per share to book value per share? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
  


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