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  3. 17. the lunder company has total assets of $22,542

17. The Lunder Company has total assets of $22,542,000, current liabilities of $2,547,000, and long-term...

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Accounting

17. The Lunder Company has total assets of $22,542,000, current liabilities of $2,547,000, and long-term liabilities of $7,410,000. The firm has 1,000,000 shares of common stock outstanding. Compute the firms book value of equity per share. 18. Referring back to the previous question, if Lunders net income equals $1,600,000 and Lunder has a P/E ratio of 15.0 (note that P/E ratio = stock price per share divided by earnings per share), what is the current price of the stock?

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