For fiscal year 2012, Mango Computer, Inc., reported net sales of $19,323 million, net income of $1,997

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For fiscal year 2012, Mango Computer, Inc., reported net sales of $19,323 million, net income of $1,997 million, and no significant discontinued operations, extraordinary items, or accounting changes. Earnings per share was $2.20. At a capitalization rate of 5%, how much should one share of Mango stock be worth? Compare your estimated stock price with the market price of $94.02 as quoted in the newspaper. Based on your estimated market value, should you buy, hold, or sell Mango stock?

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Financial accounting

ISBN: 978-0132751124

9th edition

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom

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