$3$

Enscoe Enterprises, Incorporated $($EEI$)$ has $320,000$ shares authorized, $260,000$ shares issued, and $50,000$ shares of treasury stock, At this point, EEI has $$980,000$ of assets. $$140,000$ liabilities, $$620,000$ of common stock, and $$220,000$ of retained earnings. Further assume that the market value of EEI's common stock is $$6$ per share.

Required

$15$

a$.$ Determine the number of shares of stock that is outstanding.

points

b$.$ Determine the book value per share.

c$.$ Provide a rational explanation for the difference between the book value per share and the market value per share of EEl's common

Sklpped

stock.

Complete this question by entering your answers in the tabs below.

Required $A$

Required $B$

Required $C$

Determine the number of shares of stock that is outstanding.

Shares outstanding

shares

Required A

Required $B$

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