Problem:
Coach, Inc. has approximately $110,500,000 in assets, $64,250,000 in liabilities, and $5,250,000 in preferred stock outstanding and roughly 525,000 shares outstanding.
Answer the following question:
Question 1: What is the computed book value per share?
Question 2: Assuming an EPS of $9.80 and a P/E ratio of 8, what is the stock price per share?
Question 3: What is the ratio of market value per share to book value per share?
Describe in detail.