Please show work so I can unserstand what to do please The capital structure for Cain Supplies is Cain Supplies Debt 8 $ 300,000 Common stock, $10 par 600,000 Total $ 900,000 Common shares 60,000 Compute the stock price for Cain if it sells at 15 times earnings per share and EBIT is $90,000 The tax rate is 10 percent (Do not round intermediate calculations Round your answer to 2 decimal places ) Stock price $

The Answer is in the image, click to view ...

Question: Please show work so I can unserstand what to do please! The capital structure for Cain Supplies is: Cain Supplies Debt @ 8% $ 300,000

Please show work so I can unserstand what to do please!

The capital structure for Cain Supplies is:

Cain Supplies
Debt @ 8%	$	300,000
Common stock, $10 par		600,000

Total	$	900,000

Common shares		60,000

Compute the stock price for Cain if it sells at 15 times earnings per share and EBIT is $90,000. The tax rate is 10 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Stock price

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Following is a labeled flowchart for a steady-state two-unit process with boundaries shown to denote subsystems about which balances can be taken. State the maximum number of balances that can be...

The capital structure for Cain Supplies is: Cain Supplies Debt @ 10% $ 80,000 Common stock, $10 par 160, 000 Total $240,000 Common shares 16, 000 Compute the stock price for Cain if it sells at 17...

how did you figure intrest CONPOCE ASSO Award: 10.00 points The capital structure for Cain Supplies is: Cain Supplies Debt @ 8% Common stock, $10 par Total (Titel anits Common shares $ 240.000...

can you help please with part 12 the software question CASE 11 TIPTON ICE CREAM FINANCIAL FORECASTING George Tipton began the Tipton Ice Cream Company nearly five decades ago. He patented a soft ice...

please show work if possible homework #23 Financial Planning & Control (PMBA 5373) Capital Budgeting Analysis Homework 23 (10 points) due 5:30 p.m., Monday, 12/6/21 Shown below is a comprehensive...

accounting project, need some help. got most of the answers, just would like a second look UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO...

Please help solve! Thank you Chapter 5 Assignment 8 769 points Book Pra Problem 5-17 (Algo) P/E ratio [LO5-6) The capital structure for Cain Supplies is: Cain Supplies Debt Common stock. $10 par...

Question # 1 Question # 2 Question # 3 Question # 4 expected to double from $600,000 to S1,200,000 next year. Eli notes that net Eli Lilly is very excited because sales for his nursery and plant...

Comprehensive Project Part 1 Jenny Sweeps created Grime Fighters on July 1 , 2 0 1 9 . The companyprovides cleaning services to several small businesses in the Austin,Minnesota area. Grime Fighters...

Hi, I need help with my Managerial Finance assignment please The capital structure for Cain Supplies is: Cain Supplies Debt @ 8% Common stock, $10 par Total Common shares $ 120,000 240,000 $ 360,000...

I need help for those question . E4.16 E18.4 E19.7 P22.4 E23.4 E18.10 E22.10 CHAPTER 4 EXERCISES: SET B E4-1B The trial balance columns of the worksheet for Lamar Company at June 30, 2017, are as...

Let A,B, and C be events relating to the experiment of rolling a pair of dice. (a) If P(A|C) > P(B|C) and P(A|Cc) > P(B|Cc) either prove that P(A) > P(B) or give a counterexample by defining events...

12. A patient is given 1000 mL of 0.9 % (w/v) NaCl intravenously. How many grams of NaCl did the patient receive?

E1-21B Identify sustainability efforts as impacting people, planet, or profit (Learning Objective 5) Sustainability involves more than just the impact of actions on the environment. The triple bottom...

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

6-17 Identify the five problems of a traditional file environment and explain how a database management system solves them.

6-15 Identify some of the business intelligence features included in SAPs business software suite. The Lego Group, which is headquartered in Billund, Denmark, is one of the largest toy manufacturers...

6-18 Discuss how the following facilitate the management of big data: Hadoop, in-memory computing, analytic platforms.