Question
The capital structure for Cain Supplies is: Cain Supplies Debt @ 10% $ 140,000 Common stock, $10 par 280,000 Total $ 420,000 Common shares 28,000
The capital structure for Cain Supplies is:
| Cain Supplies | ||
| Debt @ 10% | $ | 140,000 |
| Common stock, $10 par | 280,000 | |
| Total | $ | 420,000 |
| Common shares | 28,000 | |
Compute the stock price for Cain if it sells at 17 times earnings per share and EBIT is $58,000. The tax rate is 30 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Stock Price ____
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Financial Performance
Authors: Marc Bertoneche, Rory Knight
1st Edition
0750640111, 978-0750640114
