Syarikat Tom has common equity of RM40 million. The companys stock price is RM80 per share and
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Question:
Syarikat Tom has common equity of RM40 million. The company’s stock price is RM80 per share and its market/book ratio is 4.0. How many unit of stock does the company have outstanding?
Select one:
a. 125,000
b. 2,000,000
c. 800,000,000
d. 500,000n
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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