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At year end, Tangshan China Company's balance sheet shows 2,000,000 shares of common stock outstanding. Next year, Tangshan is projecting that it will have net
At year end, Tangshan China Company's balance sheet shows 2,000,000 shares of common stock outstanding. Next year, Tangshan is projecting that it will have net income of $2.0 million. If the average P/E multiple in Tangshan's industry is 15, what should be the price of Tangshan's stock? $15.00 $22.50 $52.50 $75.00
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