Business, 06.05.2020 06:08, andrew763

Enscoe Enterprises, Inc. (EEI) has 220,000 shares authorized, 180,000 shares issued, and 20,000 shares of treasury stock. At this point, EEI has $880,000 of assets. $240,000 liabilities, $400,000 of common stock, and $240,000 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. e. Provide a rational explanation for the difference between the book value per share and the market value per share of Mrs common stock.

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Enscoe Enterprises, Inc. (EEI) has 220,000 shares authorized, 180,000 shares issued, and 20,000 shar...