Hello tutor please provide this question solution general accounting Plush Pilots, Inc., has balance sheet equity of $5.2 million. Atthe same time, the income statement shows net income of$743,600. The company paid dividends of $423,852 and has130,000 shares of stock outstanding. If the benchmark PEratio is 21, what is the target stock price in one year? (Do notround intermediate calculations and round your final answerto 2 decimal places. (e.g., 32.16))

Step 1:First, calculate the earnings per share: Earnings per share = Net income / Number of shares…

Answered: Plush Pilots, Inc., has balance sheet…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject:-- general accounting

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