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jill34
Jul 14, 2012, 11:08 PM
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
Jul 15, 2012, 01:32 AM
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