Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. honores earned net income $337,000 last year. it h

Honores earned net income $337,000 last year. It has an estimated 70,000 shares of stock...

50.1K

Verified Solution

Question

Accounting

Honores earned net income $337,000 last year. It has an estimated 70,000 shares of stock outstanding, but they are not actively traded. Gila Corp., which is a similar firm with similar growth opportunities, has 185,000 shares of stock outstanding with a market price of $32.20 per share. Gilas earnings per share last year was $1.60. What is the estimated value of Honores?

Multiple Choice

a)$3,723,125

b) $1,275,135

c) $8,906,429

d) $6,782,125

e) $5,957,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

On January 1, 2018, Essence Communications issued $610,000 of its 10-year, 6% bonds for $457,961. The...

Accounting
Q

How has the bacterium Y. pestis evolved to become virulent (based on your assigned literature and...

Biology
Q

What type of the combinational circuit is described by the following VHDL process? process (A,B)    begin    if...

Programming
Q

Outline the development and current status of ISIS

Psychology
Q

A wooden block of mass 0 9 kg is suspended from the ceiling of a...

Physics
Q

39 What is the height h of the ramp A 2 6 m BI O...

Physics
Q

4 Average density of the earth a is a complex function of g b does...

Physics
Q

Question 13 of 20 Step The function f is given by the graph below 10...

Calculus
Q

Choose the graph of y logs 9 2 3 654 6 54 8 to 74...

Algebra
Q

Prepare Cash Budget For 3 Months Brewster Corporation...

Accounting
Q

The Packard Company fails to record depreciation at year-end. Indicate the...

Accounting
Q

is it possible to overdo the variance thing by subdividing variances too many times ?

Accounting