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Amigo Software Incorporated has total assets of $864,000, current liabilities of $233,000, and long-term liabilities of $198,000. There is $103,000 in preferred stock outstanding.
Amigo Software Incorporated has total assets of $864,000, current liabilities of $233,000, and long-term liabilities of $198,000. There is $103,000 in preferred stock outstanding. Thirty thousand shares of common stock have been issued. a. Compute book value (net worth) per share. Note: Round your answer to 2 decimal places. Book value per share $ 11.00 b. If there is $50,100 in earnings available to common stockholders and the firm's stock has a P/E of 24 times earnings per share, what is the current price of the stock? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Current price c. What is the ratio of market value per share to book value per share? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Market value to book value times
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