Polinezo Industries' balance sheet reflects an equity of $650 million, the stock price is $90 per share, and its aggregate market value (MVA) is $60 million. Determine the common stock outstanding

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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Polinezo Industries' balance sheet reflects an equity of $650 million, the stock price is $90 per share, and its aggregate market value (MVA) is $60 million. Determine the common stock outstanding.

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