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Ierofanga [76]
3 years ago
13

The Holtzman Corporation has assets of $418,000, current liabilities of $126,000, and long-term liabilities of $131,000. There i

s $38,700 in preferred stock outstanding; 20,000 shares of common stock have been issued.
a. Compute book value (net worth) per share. (Round your answer to 2 decimal places.)

Book value per share _________?

b. If there is $32,300 in earnings available to common stockholders, and Holtzman’s stock has a P/E of 21 times earnings per share, what is the current price of the stock? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Current Price ________?

c. What is the ratio of market value per share to book value per share? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Market value to book value _______ times?
Business
1 answer:
Evgen [1.6K]3 years ago
8 0

Answer and Explanation:

The computation is shown below:

a. The book value or net worth per share is

= (Assets - current liabilities - long term liabilities - outstanding preferred stock) ÷ (common stock shares)

= ($418,000 - $126,000 - $131,0000 - $38,700) ÷ (20,000 shares)

= $6.12 per share

b. Now the current price is

= Earnings available ÷ common stock shares × P/E

= $32,300 ÷ 20,000 shares × 21

= $33.92

c. The market value to book value is

= Market value ÷ book value

= $33.92 ÷ 6.12

= 5.54

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15 pounds is the maximum normal charge of hcfc or hfc refrigerant in an appliance that is allowed to use system dependent recovery equipment.

<h3>What is hfc refrigerant?</h3>

What this means is hydrofluorocarbons. This is the third generation of fluorinated refrigerants that are available in the world. They are greenhouse gases that are used in appliances such as the refrigerators and the air conditioners.

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2 years ago
Martin Jackson receives an hourly wage rate of $20, with time-and-a-half pay for all hours worked in excess of 40 hours during a
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Explanation:

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While Influx Electronics Inc. incurs $350 to manufacture a laptop, its competitor, Hearthstone Electronics Inc., incurs $300. Ho
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<h3>From the given scenario, it can be inferred that Hearthstone Electronics and Influx Electronics share differentiation parity. </h3>

Explanation:

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A year ago, you invested $12,000 in an investment that produced a return of 16%. What is your approximate annual real rate of re
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The approximate annual real rate of return is 14%.

16% - 2% = 14%.

Rate of Return = [ (Current Value − Initial Value) ÷ Initial Value ] × 100. Let's say you own a stock that started at $100 and went up to $110. Now you want to find out the rate of return. In our example, the calculation would be [ ($110 – $100) ÷ $100] x 100 = 10.

“The real rate of return formula is the sum of one plus the nominal rate divided by the sum of one plus the rate of inflation, which is then subtracted once. The real rate of return formula can be used to determine the effective rate of return on an investment after adjusting for inflation.” Real returns = (1 + nominal rate/1 + inflation rate) – 1

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1 year ago
Which parts of the federal government played a major role in stabilizing the economy after the 2008 economic crisis
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The parts of the federal government that played a major role in stabilizing the nation after the Great Recession were:

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