Business, 03.12.2021 19:00, twistedhyperboles

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 EEIs' common stock.

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Enscoe Enterprises, Inc. (EEI) has 380,000 shares authorized, 310,000 shares issued, and 50,000 shar...