Balance sheet equity-ncome statement shows net income

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Reference no: EM131048254

Fly Away, Inc., has balance sheet equity of $6.5 million. At the same time, the income statement shows net income of $780,000. The company paid dividends of $397,800 and has 120,000 shares of stock outstanding. If the benchmark PE ratio is 29, what is the target stock price in one year?

Reference no: EM131048254

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Balance sheet equity-ncome statement shows net income : Fly Away, Inc., has balance sheet equity of $6.5 million. At the same time, the income statement shows net income of $780,000. The company paid dividends of $397,800 and has 120,000 shares of stock outstanding. If the benchmark PE ratio is 29, what i..

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