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The Lunder Company has total assets of $21,542,600, current liabilities of $2,547,000, and long-term liabilities of $7,410,000. The firm has 370,000 shares of common stock
The Lunder Company has total assets of $21,542,600, current liabilities of $2,547,000, and long-term liabilities of $7,410,000. The firm has 370,000 shares of common stock outstanding. Compute the firms book value per share. Also, Referring back to the previous question, if Lunders net income equals $1,055,700 and Lunder has a P/E ratio of 12.5 times earnings per share, what is the current price of the stock
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