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Phelps Labs has assets of $1,800,000, current liabilities of $595,000, and long-term liabilities of $630,000. There is $165,000 in preferred stock outstanding; 20,000 shares of common stock have been issued.
Question a. Compute book value (net worth) per share. (Round the final answer to 2 decimal places.)
Question b. If there is $45,000 in earnings available to common shareholders and Phelp's stock has a P/E ratio of 13 times EPS, what is the current price of the stock? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
Question c. What is the ratio of market value per share to book value per share? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
The cost of capital for a project depends primarily on the:
XYZ Inc. sells on terms of 2/10, net 30. Total sales for the year are $1,000,000. Consider that 30 percent of the customers take discounts and pay on the 10th day, while the other 70 percent pay, on average, 45 days after their purchases. What is the..
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