Need answer You are given the following information:Stockholders' equity - $359 million; price/earnings=ratio 45; shares outstanding = 8,600,000; andmarket/book ratio = 5.45.Calculate the market price of a share of thecompany's stock.a. $41.74.b. $227.51.c. $185.76.d. $243.97.e. $38.48.

Explanation of Stockholders' equity: This represents the residual interest in the assets of a…

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Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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You are given the following information: Stockholders' equity - $359 million; price/earnings = ratio 45; shares outstanding = 8,600,000; and market/book ratio = 5.45. Calculate the market price of a share of the company's stock. a. $41.74. b. $227.51. c. $185.76. d. $243.97. e. $38.48.
Calculate The Market Price with General Accounting method
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You are given the following information: Stockholders' equity - $359 million; price/earnings = ratio 45; shares outstanding = 8,600,000; and market/book ratio = 5.45. Calculate the market price of a share of the company's stock. a. $41.74. b. $227.51. c. $185.76. d. $243.97. e. $38.48.