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e Left:1:15:51 Beau Baker: Attempt 1 As a stockholder in XYZ Company, you receive its annual report. In the financial statements, the firm has reported

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e Left:1:15:51 Beau Baker: Attempt 1 As a stockholder in XYZ Company, you receive its annual report. In the financial statements, the firm has reported assets of $8 million, liabilities of $5 million, after- tax earnings of $2 million, and 805,000 outstanding shares of common stock. (a) Calculate the earnings per share of XYZ's common stock. (b) Assume a share of XYZ's common stock has a market value of $40, what is the firm's price-earnings ratio? (c) Calculate the book value of a share of XYZ's common stock. *** 0 ON Paragraph V BIU A/ ll M V |||| X

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