Calculate market price of share of the company-s stock
You are given the following information: Stockholder's Equity = $1,250; Price/Earnings Ratio = 5; Share Outstanding = 25; Market/Book Ratio = 1.5. Calculate the market price of a share of the company's stock.
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The Woody Company manufactures slipper and sells them at $10 a pair. Variable manufacturing costs are $4.50 a pair, and allocated fixed manufacturing costs are $1.50 a pair.
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