Vespa, PLC has 63,000 shares outstanding. If the market capitalization of the company is $315,000, how much does each share cost?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 38MCQ
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  1. Vespa, PLC has 63,000 shares outstanding. If the market capitalization of the company is $315,000, how much does each share cost?

315,000 / 63,000 = 34

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