Question

Find below the Company’s balance sheet for year-end 2525. Balance Sheet, 12/31/2525 $1,600 Debt ……… $3,200...

Find below the Company’s balance sheet for year-end 2525. Balance Sheet, 12/31/2525 $1,600 Debt ……… $3,200 Stockholders equity $4,800 $4,800 Total For year 2526 the company forecasts an asset turnover ratio (= sales2526  total assets2525) of 2.9, a net profit margin (= net income  sales) of 7.00%, and a dividend payout ratio (= dividends  net income) of 35%. There are 320 shares outstanding. If no additional shares are issued, what is the equity book value per share at year-end 2526?

/\a. $14.49      b. $9.90      c. $11.98      d. $10.89      e. $13.18

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