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]
3 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]3 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
Nick can read 3 pages of his book in 1 minute. At this rate how many pages can he read in 30 minutes?
g100num [7]

Answer:

90

Step-by-step explanation:

3/1=3

30x3=90

5 0
3 years ago
How do you figure out what is that makes a number a prime
Mice21 [21]
<span>Prime numbers are the numbers that are bigger than one and cannot be divided evenly by any other number except 1 and itself. If a number can be divided evenly by any other number not counting itself and 1, it is not prime and is referred to as a composite number. Prime numbers are whole numbers that must be greater than 1. Zero and one are not considered prime numbers. Learn how to determine which numbers are prime.

</span>This was not copied from a website or someone else. This was from my last year report.
6 0
3 years ago
Read 2 more answers
What is 1/100 of 605
pshichka [43]
\frac{1}{100} , 605 =  \frac{121}{20}

Nice days.........
5 0
3 years ago
Read 2 more answers
A = 5<br> an + 1 = 24, -7
iragen [17]
You need to use recursive sequence for this one

5 0
3 years ago
Read 2 more answers
Max and Leah each have a lemonade stand . Max sold 12 glasses the first hour and 10 glasses each hour after that . Leah sold 8 g
djverab [1.8K]

Answer:

120

Step-by-step explanation:

8 0
3 years ago
Other questions:
  • Help me with these questions , please
    11·1 answer
  • Which model represents the factors of x 2+9x+8
    7·1 answer
  • Question 1
    5·2 answers
  • Solve this equation <br>4-2x-12-2x+1
    6·2 answers
  • Solve the equation please
    11·1 answer
  • 2/3 + (-5/7)<br><br><br><br> .........
    11·2 answers
  • Find the volume.<br> Pls help!
    10·1 answer
  • Marking brainliest <br><br> Can someone tell me why animal testing is bad?
    7·2 answers
  • a circle has a radius of 4.5 inches find the length of the arc outlined by a central angle that measures 0.6pi radians
    7·1 answer
  • A U.S. Senator from Indiana wanted to know what all her constituents thought about the Clean Air Act that was coming up for a vo
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!