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pompa pompa
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7 years ago
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?
A) $15.00
B) $22.50
C) $52.50
D) $75.00
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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alovelyalovely
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7 years ago
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