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What is the book value per share for Underwood shares

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Reference no: EM133033904

Question - 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 (Round to the nearest cent)

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

Reference no: EM133033904

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