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  3. the capital structure for cain supplies is: c

The capital structure for Cain Supplies is: Cain Supplies ...

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Accounting

The capital structure for Cain Supplies is:

Cain Supplies
Debt @ 10% $ 80,000
Common stock, $10 par 160,000
Total $ 240,000
Common shares 16,000

Compute the stock price for Cain if it sells at 17 times earnings per share and EBIT is $46,000. The tax rate is 30 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Stock price

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