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Homework answers / question archive / The balance sheet for Larry Underwood Motors shows a book value of? stockholders' equity? book value per share×total shares? outstanding) of $1,387,000

The balance sheet for Larry Underwood Motors shows a book value of? stockholders' equity? book value per share×total shares? outstanding) of $1,387,000

Finance

The balance sheet for Larry Underwood Motors shows a book value of? stockholders' equity? book value per share×total shares? outstanding) of $1,387,000. ? Furthermore, the? firm's income statement for the year just ended has a net income of $592,000?, which is $0.295 per share of common stock outstanding. The? price-earnings ratio for firms similar to Underwood Motors is 21.54.

 

A. What price would you expect Underwood Motors shares sell for? The market price per share is _______ (Round to the nearest cent)

B. What is the book value per share for Underwood's shares?

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