The shareholders of Zimtex Electronics Inc. are considering selling their shares. The company's statement of financial position
Question:
The company has 25,000 shares outstanding, which are currently trading at $42.50.
1. What is the book value of the shares?
2. What is the market value of the shares?
3. What is the ratio of the market value to the book value?
Transcribed Image Text:
Zimtex Electronics Inc. Statement of Financial Positior it1 Non-current assets 800,000 300,000 Share capital Retained earnings Total equity Long-term bornowings Current liabilities Total liabilities Total equity and liabilities 200,000 350,000 550,000 400,000 150,000 550,000 1,100,000 Current assets Total assets 1,100,000
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