Business, 09.04.2020 17:06 onegirl435

Enscoe Enterprises, Inc. (EEI) has 320,000 shares authorized, 260,000 shares issued, and 50,000 shares of treasury stock. At this point, EEI has $980,000 of assets. $140,000 liabilities, $620,000 of common stock, and $220,000 of retained earnings. Further, assume that the market value of EEI's common stock is $6 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 EEl's common stock.

Answers: 2

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Enscoe Enterprises, Inc. (EEI) has 320,000 shares authorized, 260,000 shares issued, and 50,000 shar...

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