Use the Tables for the Question(s)below

question 2

Multiple Choice

Use the tables for the question(s) below.
Estimated 2010 Income Statement and Balance Sheet Data for Ideko Corporation
The following are financial ratios for three comparable companies:

-Based upon the average price-earnings 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:

Unionization Rates

The proportion of a workforce that is members of a union or labor organization.

African Americans

A racial or ethnic group in the United States with African ancestry, distinguished by shared historical, cultural, and social experiences.

Transportation Workers

Transportation workers are individuals involved in the movement of people or goods, including roles in aviation, shipping, rail, and road transport.

Mining

The process of extracting valuable minerals or other geological materials from the Earth's crust.