Market value analysis$)$ The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity $($book value per sharetotal shares outstanding$)$ of $1,393,000.$ Furthermore, the firm's income statement for the year just ended has a net income of$573,000,$ which is$0\mathrm{.}291$ per share of common stock outstanding. The price$-$earnings ratio for firms similar to Underwood Motors is $21\mathrm{.}61.$ a$.$ What price would you expect Underwood Motors shares to sell for? b$.$ What is the book value per share$($Market value analysis$)$ The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity $($book value per share $$ total shares outstanding$)$ of $$1,369,000$

Furthermore, the firm's income statement for the year just ended has a net income of $$564,000,$ which is $$0\mathrm{.}287$ per share of common stock outstanding. The price$-$earnings ratio fo

firms similar to Underwood Motors is $18\mathrm{.}51.$

a$.$ What price would you expect Underwood Motors shares to sell for?

b$.$ What is the book value per share for Underwood's shares?