Enscoe Enterprises, Inc (EEI) has 380,000 shares authorized, 310,000 shares issued, and 50,000 shares of treasury stock At this point, EEI has $1,340,000 of assets $300,000 liabilities, $720,000 of common stock, and $320,000 of retained earnings Further, assume that the market value of EEI's common stock is $6 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 per share and the market value per share of EEl's common stock. 

Answer rating: 100% (QA)

solution a shares outstanding share issued shares required 3... View the full answer