Enscoe Enterprises, Inc. (EEI) has 225,000 shares authorized, 150,000 shares issued, and 30,000 shares of treasury stock, At this point, EEI has $780,000 of assets. $180,000 liabilities, $360,000 of common stock, and $240,000 of retained earnings, Further, assume that the market value of EEl's common stock is $7 per share.

Required

a. Determine the number of shares of stock that is outstanding.

b. Determine the book value per share.

c. Provide a rational explanation for the difference between the book value of EEl? common stock.

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Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the number of shares of stock that is outstanding. Shares outstanding shares Required A Required B > Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the book value per share. Book value per share < Required A Required C > Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the number of shares of stock that is outstanding. Shares outstanding shares Required A Required B > Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the book value per share. Book value per share < Required A Required C >

Answer rating: 100% (QA)

a Number of shares of stock outstanding Shares issu... View the full answer