Question
Safa corporation has the book value of equity equal to $67.3 million. It also, has 7.4 million shares outstanding and these shores are trading for
Safa corporation has the book value of equity equal to $67.3 million. It also, has 7.4 million shares outstanding and these shores are trading for price of $10.00 per share.
What Safa's Market Capitalization?
How does the market capitalization compare to Safa's book value of equity?
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
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