level-1 请教几道题

parkers

1.Sarah Lawton, CFA, gathered the following information about Dalton Computers Inc:

Common stock $1.50 par value –Authorized           5,000,000 shares
Common stock $1.50 par value - Issued                   4,000,000 shares
Additional paid-in-capital                                           $20,000,000
Retained earnings                                                     $5,000,000
Treasury stock (500,000 shares)                              $10,000,000
Current price per share                                             $21

The price-to-book value of Dalton Computers is?

2.The latest annual report of Waterford Crossing Inc. contains the following data:

Common stock $0.50 par value – Issued (2,000,000 shares)      $1,000,000
Additional paid-in-capital                                                               $10,000,000
Retained earnings                                                                         $4,000,000
Treasury stock (500,000 shares)                                                   $5,000,000
Current price per share                                                                  $15

The company's ending inventories based on LIFO are valued at $500,000 and a footnote to financial statements reports inventories valued using FIFO basis would be $600,000. The company's tax rate is 30%.
The un-adjusted and adjusted price-to-book values of Waterford Crossing, respectively, are closest to?

做不出正确答案,求大家帮忙,最好能简单的阐述下处理过程,谢谢!

parkers

已经找到问题所在,Treasury stock 减少了equity忘记了

bv per share=(par value*issued shares + Additional paid-in-capital + Retained earnings - Treasury stock) /(issued shares- trasury stock shares)