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As a stockholder in Bozo Oil Company, you receive its annuat report. In the financial statements, the firm has reported assets of $15 million, liabilities

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As a stockholder in Bozo Oil Company, you receive its annuat report. In the financial statements, the firm has reported assets of $15 million, liabilities of $7 million, after-tax earnings of $3 million, and 806,000 outstanding shares of common stock. (a) Calculate the earnings per share of Bozo Oil's common stock. (Round your answer to 2 decimal places.) (b) Assume a share of Bozo Oil's common stock has a market value of \$40, what is the firm's price-earnings ratio? (Round your intermediate catculation to 2 decimal places and finat answer to the nearest whole number.) (c) Calculate the book vatue of a share of Bozo Oil's common stock. (Round your answer to 2 decimal places.)

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