a. What is the earnings per share (EPS) for Balboa currently?

b. What is the P/E ratio for Balboa currently?

c. If Balboa and Iron Mike are comparable firms, what is an estimate for Iron Mikes trading price using a P/E multiple?

An analyst is trying to value the equity shares of Iron Mike Corporation. She has gathered financial data on Balboa Corporation and will use it to construct a multiple estimate of Iron Mike equity. Iron Mike is a privately held firm. Financial Data: Balboa Iron Mike Net income $7,112,691.00 $5,540,753.00 # of shares 1,000,000.00 600,000.00 Current trading price $62.02