Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 03, 2024

A firm has 160,000 shares of stock outstanding, sales of $1.94 million, net income of $126,400, a price-earnings ratio of 21.3, and a book value

A firm has 160,000 shares of stock outstanding, sales of $1.94 million, net income of $126,400, a price-earnings ratio of 21.3, and a book value per share of $6.25. What is the market-to-book ratio?

A. 1.84
B. 2.69
C. 2.12
D. 1.39
E. 2.45

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mission Ready Finances Proven Principles To Guide Your Story To Financial Freedom

Authors: Marco Parzych

1st Edition

173321531X, 978-1733215312

More Books

Students also viewed these Finance questions

Question

★★★★★

An analyst would like to construct 95% confidence intervals for the mean stock returns in two industries. Industry A is a high-risk industry with a known population standard deviation of 20.6%,...

Answered: 1 week ago

Question

★★★★★

Modify Prob. 3.100 by accounting for air drags on the missile F CD2V2, where C 0.02, is the air density, D is the missile diameter, and V is the missile velocity. Solve numerically for (a) the...

Answered: 1 week ago

Question

★★★★★

1. What other external research would you have recommended to the team developing the golf course?

Answered: 1 week ago

Question

★★★★★

Multiple-Choice Questions 1. Which one of the following is not a cash equivalent? a. 30-day certificate of deposit b. 60-day corporate commercial paper c. 90-day U.S. Treasury bill d. 180-day note...

Answered: 1 week ago

Question

★★★★★

A firm has 160,000 shares of stock outstanding, sales of $1.94 million, net income of $126,400, a price-earnings ratio of 21.3, and a book value per share of $6.25. What is the market-to-book ratio?...

Answered: 1 week ago

Question

★★★★★

Nofe Taking Guide - Episode 1201 - Par? 1 0 Sound waves are produced by ' Sound waves are , waves Sound frequency: noTes on uses of ultrasonic waves- Sound velociTy: ' v equaTions: A'r sea level, The...

Answered: 1 week ago

Question

★★★★★

On January 1, 2024, Tina's Tamales borrows $10,000 to purchase a delivery truck by agreeing to a 6%, three-year loan with the bank. Payments of $304.22 are due at the end of each month, with the...

Answered: 1 week ago

Question

★★★★★

Swifty Corporation, a private company, began operations on January 1, 2020. During its first three years of operations, Swifty reported net income and declared dividends as follows: Net income...

Answered: 1 week ago

Question

★★★★★

15. The 4 kg block just completed the trip shown. If no work was done, calculate its initial velocity. 120J is lost between B & C. The final velocity is 10m/s 12m 10M/S 8m W=0 12 mu, +mgh = 1/2mV2 'F...

Answered: 1 week ago

Question

★★★★★

On December 31, Year 1, P Company purchased 80% of the outstanding shares of S Company for $12,900 cash. The statements of financial position of the two companies immediately after the acquisition...

Answered: 1 week ago

Question

★★★★★

During the simulation, you made decisions concerning government spending. Discuss the impact of your decisions on key macroeconomic indicators such as real GDP growth and unemployment. Refer to the...

Answered: 1 week ago

Previous Question Next Question