Problem:
Dudley Hill Golf Club's market-to-book ratio is currently 2.7 times and the PE ratio is 6.85 times. Dudley Hill Golf Club's common stock is currently selling at $24.84 per share.
Question 1: What is the book value per share? (Round your answer to 2 decimal places.)
Book value per share = $
Question 2: What is the earnings per share? (Round your answer to 2 decimal places.)
Earnings per share= $
Note: Be sure to show how you arrived at your answer.