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Enscoe Enterprises, Incorporated (EEI) has 280,000 shares authorized, 230,000 shares issued, and 30,000 shares of treasury stock. At this point, EEI has $1,730,000 of assets.

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Enscoe Enterprises, Incorporated (EEI) has 280,000 shares authorized, 230,000 shares issued, and 30,000 shares of treasury stock. At this point, EEI has $1,730,000 of assets. $130,000 liabilities, $520,000 of common stock, and $1,080,000 of retained earnings. Further, assume that the market value of EEl's common stock is $10 per share. Required a. Determine the number of shares of stock that is outstanding. b. Determine the book value per share. c. Provide a rational explanation for the difference between the book value per share and the market value per share of EEI's common stock

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