Answer? ? Financial accounting question Eagle Electronics Corporation has the following financial information:Balance sheet equity: $8.2 million••Net income: $945,000••Dividends paid: $315,000Shares outstanding: 150,000Industry benchmark PE ratio: 15Calculate the target stock price for next year.

Step 1: Define Target Stock PriceTarget stock price is the projected future price of a company's…

Answered: Eagle Electronics Corporation has the…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 6CE

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Eagle Electronics Corporation has the following financial information: Balance sheet equity: $8.2 million • • Net income: $945,000 • • Dividends paid: $315,000 Shares outstanding: 150,000 Industry benchmark PE ratio: 15 Calculate the target stock price for next year.