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Enscoe Enterprises, Incorporated (EEI) has 280,000 shares authorized, 250.000 shares issued, and 20,000 shares of treasury stock. At this point, EEI has $2,120,000 of assets.

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Enscoe Enterprises, Incorporated (EEI) has 280,000 shares authorized, 250.000 shares issued, and 20,000 shares of treasury stock. At this point, EEI has $2,120,000 of assets. $280,000 liabilities, $540,000 of common stock, and $1,300,000 of retained earnings. Further, assume that the market value of EEI's common stock is $10 per share. Required a. Determine the number of shares of stock that is outstanding. b. Determine the book value per share

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