Question
8. Market/Book Ratio Jaster Jets has $2 billion in total assets. Its balance sheet shows $0.1 billion in current liabilities, $1.2 billion in long-term debt,
8. Market/Book Ratio
Jaster Jets has $2 billion in total assets. Its balance sheet shows $0.1 billion in current liabilities, $1.2 billion in long-term debt, and $0.7 billion in common equity. It has 800 million shares of common stock outstanding, and its stock price is $32 per share. What is Jaster's market/book ratio? Round your answer to two decimal places.
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
