Enscoe Enterprises, Inc. (EEI) has 260,000 shares authorized, 220,000 shares issued, and 30,000 shares of treasury stock. At this point, EEI has $1,340,000 of assets. $200,000 liabilities, $500,000 of common stock, and $640,000 of retained earnings. Further, assume that the market value of EEI's common stock is $8 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 EEIs' common stock.

Enscoe Enterprises, Inc. (EEI) has 260,000 shares authorized, 220.000 shares issued, and 30,000 shares of treasury stock. At this point, EEl has $1,340,000 of assets. $200,000 liabilities. $500,000 of common stock, and $640,000 of retained earnings. Further, assume that the market value of EEI's common stock is $8 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 EEls' 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 I shares Required Required 8 > Enscoe Enterprises, Inc. (EEI) has 260,000 shares authorized, 220,000 shares issued, and 30,000 sh point, EEl has $1,340,000 of assets. $200,000 liabilities, $500,000 of common stock, and $640,000 assume that the market value of EEl's common stock is $8 per share. Skipped 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 stock eBook Print Complete this question by entering your answers in the tabs below. eferences Required A Required B Required C Determine the book value per share. Book value per share ( Required A Required c > Enscoe Enterprises, Inc. (EEI) has 260,000 shares authorized, 220,000 shares issued, and 30,000 shares of treasury stock. A point, EEl has $1,340,000 of assets. $200,000 liabilities, $500,000 of common stock, and $640,000 of retained earnings. Fu assume that the market value of EEI's common stock is $8 per share. ed 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 EEls stock Complete this question by entering your answers in the tabs below. nces Required A Required B Required C Provide a rational explanation for the difference between the book value per share and the market value per share of EEls' comma 1. Market value is than the book value. Jis a measure of historical cost, while is a measure of current values.