Homework Help: Investments

Posted by ben on Friday, February 3, 2012 at 10:59pm.

A firm has current assets that could be sold for their book value of $7 million. The book value of its fixed assets is $57 million, but they could be sold for $99 million today. The firm has total debt with a book value of $32 million but interest rate declines have caused the market value of the debt to increase to $47 million.

What is this firm's market-to-book ratio?

Investments - ben, Saturday, February 4, 2012 at 12:41am
An analyst gathers the following information about Meyer, Inc.:

• Meyer has 1,300 shares of 8% cumulative preferred stock outstanding, with a par value of $240, and liquidation value of $250.

• Meyer has 22,400 shares of common stock outstanding, with a par value of $52.

• Meyer had retained earnings at the beginning of the year of $5,050,000.

• Net income for the year was $74,000.

• This year, for the first time in its history, Meyer paid no dividends on preferred or common stock.

What is the book value per share of Meyer's common stock?

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