At the end of last year a company had 12 million shares 250, Accounting Basics

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At the end of last year a company had 12 million shares 250

Question: 1. At the end of last year a company had 12 million shares ($2.50 par value) outstanding total owners' equity 96 million. Net income in the past year was $25 million, and 11.5 million shares were outstanding on average during the year.

(a) Calculate the company's book value per share at year-end

(b) Calculate the company's earnings per share for the year

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Accounting Basics: At the end of last year a company had 12 million shares 250

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Accounting Basics: At the end of last year a company had 12 million shares 250

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