Business, 20.12.2019 03:31 superstarsara5ouh83x
At year end, tangshan china company balance sheet showed total assets of $60 million, total liabilities (including preferred stock) of $45 million, and 1,000,000 shares of common stock outstanding. next year, tangshan is projecting that it will have net income of $1.5 million. if the average p/e multiple in tangshan's industry is 15, what should be the price of tangshan's stock?
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At year end, tangshan china company balance sheet showed total assets of $60 million, total liabilit...
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