PRINCIPLES OF AUDITING & OTHER ASSURANC
21st Edition
ISBN: 9781264007202
Author: WHITTINGTON
Publisher: MCG
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Chapter 20, Problem 12RQ
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FeatherSky Ltd. has a balance sheet equity of $7.1 million. At the same time, the income statement shows a net income of $1,120,000. The company has 175,000 shares of stock outstanding. If the benchmark PE ratio is 25, what is the target stock price in one year?
Chapter 20 Solutions
PRINCIPLES OF AUDITING & OTHER ASSURANC
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