Ratio of market value per share to book value per share

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Reference no: EM132002914

The Holtzman Corporation has assets of $407,000, current liabilities of $87,000, and long-term liabilities of $71,000. There is $31,300 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.)

b. If there is $28,400 in earnings available to common stockholders, and Holtzman’s stock has a P/E of 22 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.)

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.)

Reference no: EM132002914

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