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Author Question: Ostend Industries has total assets of $85 million, total debt of $58.6 million, and $4.8 million of ... (Read 140 times)

meganh99

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Question 1

If a firm has a 2 million shares outstanding and its stock trades at $25 per share, the company also has $10,000,000 in debt.  The company's market capitalization is
◦ $40,000,000.
◦ $49,000,000.
◦ $50,000,000.
◦ $60,000,000.

Question 2

Ostend Industries has total assets of $85 million, total debt of $58.6 million, and $4.8 million of 5% preferred stock outstanding. If the company has 500,000 shares of common stock outstanding, its book value per share would be
◦ $32.33.
◦ $33.60.
◦ $43.20.
◦ $52.80.


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Marked as best answer by meganh99 on Mar 29, 2022

ahardin89

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meganh99

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Reply 2 on: Mar 29, 2022
YES! Correct, THANKS for helping me on my review


blakcmamba

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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