Florida Co. just paid total dividends of $750,000 and reported additions to retained earnings of $2,250,000. The company has 585,000 shares of stock outstanding and a benchmark PE of 16 times. What stock price would you consider appropriate?
Florida Co. just paid total dividends of $750,000 and reported additions to retained earnings of $2,250,000. The company has 585,000 shares of stock outstanding and a benchmark PE of 16 times. What stock price would you consider appropriate?
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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