Accounting data and market values of outstanding shares (in millions) for firm Beta for the year 20X2

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Accounting data and market values of outstanding shares (in millions) for firm Beta for the year 20X2 are given in the following table.

Firm

Sales

(million)

Earnings

(million)

Market value

(million)

Beta

$15,000

$250

$8,000

Beta is considered to be a comparable for firm Alpha. Alpha reported the following numbers for fiscal year 20X2:

Sales	$52,610 million
Earnings	$3,156 million

Alpha has 1,980 million outstanding shares. calculate The stock price of Alpha .

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1285190907

8th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: May 31, 2023 04:30 AM

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Accounting data and market values of outstanding shares (in millions) for firm Beta for the year 20X2

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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