Solved: If there is 56300 in earnings available to common, Accounting Basics

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If there is 56300 in earnings available to common

Question - Amigo Software Inc. has total assets of $889,000, current liabilities of $192,000, and long-term liabilities of $154,000. There is $87,000 in preferred stock outstanding. Thirty thousand shares of common stock have been issued.

a. Compute book value (net worth) per share.

b. If there is $56,300 in earnings available to common stockholders, and the firm's stock has a P/E of 23 times earnings per share, what is the current price of the stock?

c. What is the ratio of market value per share to book value per share?

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Accounting Basics: If there is 56300 in earnings available to common

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Accounting Basics: If there is 56300 in earnings available to common

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