Please show complete solution. The following information are related to Citrus Corporation:SalesAsset TurnoverDebt to Equity RatioWeighted average outstanding sharesPhp 15,000,000a. Php75.00b. Php25.00c. Php15.00d. Php10.003.0x1.5200,000 sharesAsset turnover only considered asset balance as of December 31.How much is the book value per share of Citrus Corporation basedan the foregoing information? a Spice Corporation reported 500,000 ordinary shares at thebeginning of 2020. In the beginning of the second quarter, convertiblebondholders opted to exercise their option to convert to shares,resulting to additional 100,000 shares. In October 1, SpiceCorporation bought back 50,000 shares as they have spare cash.What is the weighted average outstanding shares for 2020?a. 600,000 sharesb. 562,500 sharesc. 550,000 sharesd. 500,000 shares

Working :- 1) Calculation of total assets :- We know that, Asset turnover = Sales / Total Assets…

The following information are related to Citrus Corporation: Sales Asset Turnover Debt to Equity Ratio Weighted average outstanding shares Php 15,000,000 3.0x 1.5 200,000 shares Asset turnover only considered asset balance as of December 31. How much is the book value per share of Citrus Corporation based an the foregoing information? a. Php75.00

The following information are related to Citrus Corporation: Sales Asset Turnover Debt to Equity Ratio Weighted average outstanding shares Php 15,000,000 3.0x 1.5 200,000 shares Asset turnover only considered asset balance as of December 31. How much is the book value per share of Citrus Corporation based an the foregoing information? a. Php75.00

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 21E

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