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What is the book value per share for? underwood shares

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Question - Any guidance on how to solve the question below is much appreciated! The balance sheet for Larry Underwood Motors shows a book value of? stockholders' equity? (book value per share×total shares? outstanding) of $1,371,000. Furthermore, the? firm's income statement for the year just ended has a net income of $585,000?, which is $0.307 per share of common stock outstanding. The? price-earnings ratio for firms similar to Underwood Motors is 20.16.

Required -

a. What price would you expect Underwood Motors shares to sell? for?

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

Reference no: EM133031550

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