Question
I am seeing that people are saying the answer here is (B) but how is it (B) and not (D)? Isn't the price per share
I am seeing that people are saying the answer here is (B) but how is it (B) and not (D)? Isn't the price per share 32M / 28M = 1.14? How is it 60?
Zynga, a social-gaming company, net income of $32 million, and twenty-eight million shares outstanding. Why are shareholders concerned?
A) The share price is $896M, highly overpriced
B) The share price is $60, which is unrealistic in terms of market conditions
C) The share price is $0.87
D) The share price is $1.14, which they consider to be very low
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Managerial Accounting
Authors: James Jiambalvo
5th edition
1118078764, 978-1118078761
