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April 18, 2015

Homework Help: accounts

Posted by accounts on Sunday, August 26, 2012 at 7:01am.

A prospective investor has hired you to develop a worksheet that will compute the book value per share on each class of stock of various companies. Your worksheet should include a Data Section. One of the companies the investor is currently interested in is Hawk Enterprises, which has the following capital structure: Preferred 8% stock, $100 par $1,575,000 Common Stock $30 par 2,025,000 Premium on common stock 260,000 Retained earnings 525,000 Preferred stock has a prior claim to assets on liquidation to the extent of 105% of par. Book value per share, Hawk Enterprises: Common stock $40.46 You are to find the; Shares of stock: Preferred and Common Book value per share: Preferred and Common

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