Business, 18.06.2020 15:57 stephycake9768

Enscoe Enterprises, Inc. (EEI) has 360,000 shares authorized, 300,000 shares issued, and 50,000 shares of treasury stock. At this point, EEI has $2,350,000 of assets. $100,000 liabilities, $700,000 of common stock, and $1,550,000 of retained earnings. Further, assume that the market value of EEI's common stock is $11 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.

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Enscoe Enterprises, Inc. (EEI) has 360,000 shares authorized, 300,000 shares issued, and 50,000 shar...

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