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CAN YOU PLEASE HELP ME SOLVE THIS PROBLEM AND CAN YOU SHOW THIS VERY CLEARLY PLEASE. Enscoe Enterprises, Inc. (EEI) has 300,000 shares authorized, 240,000
CAN YOU PLEASE HELP ME SOLVE THIS PROBLEM AND CAN YOU SHOW THIS VERY CLEARLY PLEASE.
Enscoe Enterprises, Inc. (EEI) has 300,000 shares authorized, 240,000 shares issued, and 50.000 shares of treasury stock. At this point, EEl has $2.030,000 of assets. $130,000 abilities, $580,000 of common stock and $1,320,000 of retained earnings. Further assume that the market value of EEI's common stock is $12 per share. Required a. Determine the number of shares of stock that is outstanding 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 EEI's common stock Complete this question by entering your answers in the tabs below. Required A Required B Required Determine the number of shares of stock that is outstanding. Shares outstanding Required A Required B > Complete this question by entering your answers in the tabs below. Required A Required B | Required Determine the book value per share. Book value per share (Required A Required C > Required A Required A Required B Required B Required Required c A Provide a rational explanation for the difference between the book value per share and the market value per share of EEI's common stock. 1. Market value is 2 than the book value. is a measure of historical cost, while lis a measure of current values
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