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What is the book value per share for Underwood Shares

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Question - Triangular Chemicals has total assets of $93 million, a return on equity of 39 percent, a net profit margin of 5.1 percent, and an equity multiplier of 2.59. How much are the firm's sales?

The balance sheet for Larry Underwood Motors shows a book value of? stockholders' equity? (book value per share × total shares outstanding) of $1,302,000. Furthermore, the firm's income statement for the year just ended has a net income of $536,000, which is $0.242 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood Motors is 20.73.

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: EM133064869

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