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The capital structure of Cain is presented below: Cain $140,000 280,000 $420,000 Debt @ 10% Common stock Total Common shares 28,000 Compute the stock price for Cain Auto Supplies if it sells at 17 times EPS and EBIT is $58,000 (assume a 30 percent tax rate). (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Stock price

The capital structure of Cain is presented below: Cain $140,000 280,000 $420,000 Debt @ 10% Common stock Total Common shares 28,000 Compute the stock price for Cain Auto Supplies if it sells at 17 times EPS and EBIT is $58,000 (assume a 30 percent tax rate). (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Stock price

FINANCIAL ACCOUNTING
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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The capital structure of Cain is presented below: Cain $140,000 280,000 $420,000 Debt @ 10% Common stock Total Common shares 28,000 Compute the stock price for Cain Auto Supplies if it sells at 17 times EPS and EBIT is $58,000 (assume a 30 percent tax rate). (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Stock price
Transcribed Image Text:The capital structure of Cain is presented below: Cain $140,000 280,000 $420,000 Debt @ 10% Common stock Total Common shares 28,000 Compute the stock price for Cain Auto Supplies if it sells at 17 times EPS and EBIT is $58,000 (assume a 30 percent tax rate). (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Stock price
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