For fiscal year 2016, Orange Computer. Inc., reported net sales of $19,320 million, net income of $1,991

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For fiscal year 2016, Orange Computer. Inc., reported net sales of $19,320 million, net income of $1,991 million, and no significant discontinued operations or accounting changes. Earnings per share was $2.10. At a capitalization rate of 10%, how much should one share of Orange stock be worth? Compare your estimated stock price with the market price of $71.04 as quoted in the newspaper. Based on your estimated market value, should you buy, hold, or sell Orange stock?
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Financial Accounting

ISBN: 978-0134127620

11th edition

Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz

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