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Foundations Of Financial Management
Found in: Page 52
Foundations Of Financial Management

Foundations Of Financial Management

Book edition 16th
Author(s) Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
Pages 768 pages
ISBN 9781259277160

Short Answer

Landers Nursery and Garden Stores has current assets of $220,000 and fixed assets of $170,000. Current liabilities are $80,000 and long-term liabilities are $140,000. There is $40,000 in preferred stock outstanding and the firm has

issued 25,000 shares of common stock. Compute book value (net worth)

per share.

The book value per share of Landers Nursery and Garden Stores is $5.2.

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Step by Step Solution

Total assets of Landers Nursery and Garden Stores

Total liabilities of Landers Nursery and Garden Stores

Book value per share of Landers Nursery and Garden Stores

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