Fly Away, Inc., has balance sheet equity of $7.3 million. At the same time, the income statement
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Fly Away, Inc., has balance sheet equity of $7.3 million. At the same time, the income statement shows net income of $875,000. The company paid dividends of $345,000 and has 125,000 shares of stock outstanding. If the benchmark PE ratio is 16, what is the target stock price in one year?
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861704
11th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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