For fiscal year 2014, Mango Computer, Inc., reported net sales of $ 19,323 million, net income of

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For fiscal year 2014, 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 $ 51.02 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: 978-0133427530

10th edition

Authors: Walter Harrison, Charles Horngren, William Thomas

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