The Dunder Mifflin Company has current assets of $228,440, total assets of $620,160, current liabilities of $159,460, and long-term liabilities of $249,920 . The firm has 96,300 shares of common stock outstanding. Compute the firm's book value per share (that is, book value of equity divided by number of shares of common stock outstanding). Record your answer rounded to the nearest cent. Do not include a dollar sign or commas in your answer. For example, record $10.248976 as 10.25.

Question
Answer:
Value of equity = Assets - Liabilities = 228,440 + 620,160 - 159,460 - 249,920 = 439,220 Book value per share = Value of equity / Number of shares = 439,220 / 96,300 = 4.56
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general 11 months ago 572