Use the Tables for the Question(s) Below

question 8

Multiple Choice

Use the tables for the question(s) below.
Estimated 2005 Income Statement and Balance Sheet Data for Ideko Corporation
The following are financial ratios for three comparable companies:

-Based upon the average P/E ratio of the comparable firms,Ideko's target market value of equity is closest to:

• A) $157 million
• B) $155 million
• C) $193 million
• D) $165 million
• E) $191 million

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Definitions:

Metal Ions

Positively charged atoms that have lost one or more electrons, prevalent in many biological and chemical processes.

Major Split

A significant division or separation, often used to refer to a disagreement or divergence in a group or theory.

Archaea

A domain of single-celled microorganisms that are distinct from bacteria and eukaryotes, often found in extreme environments.