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  1. business
  2. accounting
  3. 1. at the end of last year a company had 12 millio

1. At the end of last year a company had 12 million shares ($2.50 par...

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Accounting

1. At the end of last year a company had 12 million shares ($2.50 par value) outstanding total owners equity 96 million. Net income in the past year was $25 million, and 11.5 million shares were outstanding on average during the year.

(a) Calculate the companys book value per share at year-end

(b) Calculate the companys earnings per share for the year

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