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10. Given the following information, calculate the market price per share of WAM Inc. Net income Earnings per share $200,000 $2.00 EPS-NI/Share Share-NI/EPS-0.2m/2-100,000 0.2-Market Price/Book
10. Given the following information, calculate the market price per share of WAM Inc. Net income Earnings per share $200,000 $2.00 EPS-NI/Share Share-NI/EPS-0.2m/2-100,000 0.2-Market Price/Book Value BV-Equity/Share Stockholders' equity Market/Book ratio $2,000,000 0.20 MP-0.2*BV-0.2*(E/Share)-0.2*(2m/0.1m)=$4.00
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
5th edition
978-1118128169
