A corporation has a total of $500 million and 100 million shares outstanding. It's ROE is 15%. Calculate the EPS.

I know the EPS= ROE x Book value per share

How do I find the book value

To find the book value per share, you need to divide the total equity (or book value) of the corporation by the number of outstanding shares. The book value represents the net worth of the company, calculated by subtracting liabilities from assets.

In this case, the total equity or book value is not provided; instead, you are given the total assets of $500 million. However, without more information about the liabilities, we cannot determine the book value or the EPS directly.

If you have access to balance sheet information that lists the assets and liabilities of the corporation, you can find the book value by subtracting the liabilities from the assets. Once you have the book value, you can calculate the EPS using the formula you mentioned: EPS = ROE x Book value per share.

Otherwise, with the given information, it is not possible to calculate the EPS.