You are given the following information: Stockholders? equity = GHS1,250; price/earnings ratio = 5; shares %3D outstanding = 25; and market/book ratio = 1.5. Calculate the market price of a share of the company?s stock.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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You are given the
following information:
Stockholders? equity =
GHS1,250; price/earnings
ratio = 5; shares
outstanding = 25; and
%3D
market/book ratio = 1.5.
%3D
Calculate the market price
of a share of the
company?s stock.
O A. GHS 33.33
B. GHS 75.00
C. GHS 10.00
D. GHS166.67
O E. GHS133.32
Transcribed Image Text:You are given the following information: Stockholders? equity = GHS1,250; price/earnings ratio = 5; shares outstanding = 25; and %3D market/book ratio = 1.5. %3D Calculate the market price of a share of the company?s stock. O A. GHS 33.33 B. GHS 75.00 C. GHS 10.00 D. GHS166.67 O E. GHS133.32
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