Workers at the local movie theater get a big increase in wages. What would happen to the supply of movies as a result of the wag
1 answer:
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Answer:
Book Value Per Share = 22.55
Explanation:
given data
equity = $118,139,000
net income next year = $3,000,000
to find out
what would their Book Value be next year
solution
we know that Book Value Per Share formula that is express as
Book Value Per Share = (Share Holder Equity+ Net Income) ÷ No of Shares ..................1
we consider here book value is $22
So no of share will be =
No of shares =
No of shares = 5369954.545
so from equation 1 put here value
Book Value Per Share =
Book Value Per Share = 22.55