5. A company has $6,435,000 in common equity and 1,063,000 in outstanding shares. Shares sell at a price of $30.70 each. Calculate the difference of the firm's market and book values per share. (2 decimal places)

5. A company has $6,435,000 in common equity and 1,063,000 in outstanding shares. Shares sell at a price of $30.70 each. Calculate the difference of the firm's market and book values per share. (2 decimal places)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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