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    jill34's Avatar
    jill34 Posts: 1, Reputation: 1
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    #1

    Jul 14, 2012, 11:08 PM
    a very brief explanation assets of $360,000 and fixed assets of $640,000.
    Hoover Inc. has current assets of $360,000 and fixed assets of $640,000. Current liabilities are $90,000 and long-term liabilities are $160,000. There is $90,000 in preferred stock outstanding and the firm has issued 10,000 shares of common stock. Compute book value (net worth) per share. (Show your work/calculations/formulas)
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jul 15, 2012, 01:32 AM
    Quote Originally Posted by jill34 View Post
    Hoover Inc. has current assets of $360,000 and fixed assets of $640,000. Current liabilities are $90,000 and long-term liabilities are $160,000. There is $90,000 in preferred stock outstanding and the firm has issued 10,000 shares of common stock. Compute book value (net worth) per share. (Show your work/calculations/formulas)
    $ 7.50 work back from there
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