1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Leni [432]
2 years ago
14

You are given the following information: Stockholders' equity = $323 million; price/earnings ratio = 14; shares outstanding = 8,

800,000; and market/book ratio =7.7. Calculate the market price of a share of the company's stock..
Mathematics
1 answer:
vagabundo [1.1K]2 years ago
3 0

Answer:

$282.59 per share

Step-by-step explanation:

Given that,

Stockholders' equity = $323 million

price/earnings ratio = 14

shares outstanding = 8,800,000

Market/book ratio =7.7

Book Value per share:

= Stockholders' equity ÷ shares outstanding

= $323,000,000 ÷ 8,800,000

= $36.70

Market price per share:

= Book Value per share × Market/book ratio

= $36.70 × 7.7

= $282.59 per share

You might be interested in
Zafira drinks 4 fluid ounces of orange juice each morning. Which equation can be used to find m, the number of mornings it will
Stells [14]

Answer:

Step-by-step explanation:

m = (4×8) ÷ 4

m = 8 mornings

5 0
3 years ago
Help me with this<br>Another similar question​
damaskus [11]

Step-by-step explanation:

you do know that 1 cm = 10 mm, right ?

so,

6 cm = 6×1 cm = 6×10 mm = 60 mm

and that is the ultra-ultra long form of doing this ...

8 0
2 years ago
Read 2 more answers
Solve for x. Round to the nearest tenth. Please help
Studentka2010 [4]

Answer:

answer is 64x68

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
Night Owl Motel rents rooms with 2 beds for $68 per night and rooms with 1 bed for $57 per night. One evening Night Owl Motel re
mixer [17]
1 bed room = 12
2 bed room = 15


68 x 15 = 1020
57 x 12 =   684
            -----------
1020 + 684 = $1704 (total made)

15 two-bed room + 12 one-bed room = 27 rooms in all
5 0
3 years ago
John ate 1/6 of a cake. Mike ate 1/12 of it. How much of the cake did the two boys eat?​
Murrr4er [49]

Answer:

1/4

Step-by-step explanation:

1/6 + 1/12 = 1/4

3 0
2 years ago
Read 2 more answers
Other questions:
  • 2x2x2x2x2x2x2x2x2x2x2
    6·2 answers
  • The three walls of Jane's bedroom each measure 8ft by 16ft. The are two windows each measuring 2.5 ft by 4 ft. Jane needs to kno
    7·1 answer
  • What is the distance between the points (3, 7) and (15, 16) on a coordinate plane?
    15·1 answer
  • Solve: 3 + 1/3+2 - 11
    15·1 answer
  • Gcf of 35 and 15 and 3
    14·2 answers
  • These tables represent an exponential function. Find the average rate of
    6·2 answers
  • You flip three coins. what isthe probability that you get at least two heads, given that you get at least one head?
    12·1 answer
  • Subtract:
    9·2 answers
  • How long will it take her to travel 72 miles? use the unit ratio to solve the following problem.
    14·1 answer
  • Which situation can be represent by the equation 1.50x + 3.00 = 9.00
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!