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A company has a share price of $23.32 and 115 million shares outstanding. Its market-to-book ratio is 4.2, its book debt-equity ratio is 3.2,
A company has a share price of $23.32 and 115 million shares outstanding. Its market-to-book ratio is 4.2, its book debt-equity ratio is 3.2, and it has cash of $750 million. How much would it cost to take over this business assuming you pay its enterprise value? A. $4.00 billion B. $2.00 billion C. $3.18 billion D. $4.77 billion
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
