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The capital structure for Cain Supplies is: Cain Supplies Debt @ 8% Common stock, $10 par Total Common shares S 240,000 480,000 720,000 Compute the stock price for Cain if it sells at 15 times earnings per share and EBIT is $78,000. The tax rate is 10 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price

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Home nert Page Layout Formulas Data Review View dd-Ins Cut Σ AutoSum ー E ゴWrap Text ta copy. B า 프 . Ej-., Δ. : rーー 逻锂函Merge & Center. $, % , 弼, Insert Delete Format Paste Conditional Format Cell Formatting, as Table w styles ▼ ▼ ㆆ ▼ 1 Sort &Find & 2 ClearFe Select Edting Format Painter Clipboard EK58 EH Font Alignment Number Cells El EJ EK EL EM EN EO EP EQ ER ES ET EU EV EW 40 41 42 43 EXPLANATION EBIT INTEREST EBT TAX NET INCOME NO OF SHARES 78000 19200 58800 5880 52920 48000 LESS 240000*8% 45 46 47 48 49 50 51 52 53 54 LESS 58800* 1096 480000/10 EPS 1.1025 52920/48000 STOCK PRICE 15 TIMES EPS STOCK PRICE = 15 X 1.1025- 16.54 56 57 58 | FIFO . CASH BUDGET 45 BV MV ratio VARIANCE BEP, OL FL ros B-S loss SALES BUDGET DIFF ANALYSIS overheadfloat 03:10 26-01-2019

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