Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 06, 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 $7.92. What is the market-to-book ratio?

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

Advanced Modelling In Mathematical Finance

Authors: Jan Kallsen, Antonis Papapantoleon

1st Edition

3319458736, 978-3319458731

Students also viewed these Finance questions

Question

★★★★★

What is meant by the term entrepreneur?

Answered: 1 week ago

Question

★★★★★

Mark The correlation coefficient: 1. Shows a stronger relationship between the returns of two securities when its absolute value is closer to 0. 2. Provides the greatest diversification benefits for...

Answered: 1 week ago

Question

★★★★★

10.64 SAT Scores The SAT subject tests in chemistry and physics for two groups of 15 students each electing to take these tests are given below. To use the two-sampler test with a pooled estimate of...

Answered: 1 week ago

Question

★★★★★

A location analysis for Temponi Control, a small manufacturer of parts for high-technology cable systems, has been narrowed down to four locations. Temponi will need to train assemblers, testers, and...

Answered: 1 week ago

Question

★★★★★

Calculations with variables You've now created a savings varlable, so let's start saving! Instead of calculating with the actual values, you can use varlables Instead. The savings varlable you...

Answered: 1 week ago

Question

★★★★★

Describe the relevance of the 7-layer OSI protocol stack and the TCP/IP protocol stack. Add a diagram that places the two stacks next to each other so they show how the two can be related to each...

Answered: 1 week ago

Question

★★★★★

Use the trial balance shown below to prepare financial statements. Haman Consulting Trial Balance December 31, 2019 ACCOUNT NAME DEBIT CREDIT Cash 6,500 Accounts Receivable 2,500 Supplies 1,500...

Answered: 1 week ago

Question

★★★★★

The Plastics Division of Minock Manufacturing currently earns $3.22 million and has divisional assets of $23 million. The division manager is considering the acquisition of a new asset that will add...

Answered: 1 week ago

Question

★★★★★

Rock Music Inc. (RMI), a public corporation, supplied all the sound and lighting equipment for an outdoor concert on July 24, 2021. One of the light stands collapsed and several concert goers...

Answered: 1 week ago

Question

★★★★★

Skysong needs to calculate the company's expected cash receipts for the upcoming month to determine whether additional financing is needed. Typically, the company's sales consist of 40% cash sales...

Answered: 1 week ago

Question

★★★★★

The charter for ASAP - TV, Inc. authorizes the company to issue 100,000 shares of $5, no-par preferred stock and 500,000 shares of common stock with $1 par value. During its start-up phase, ASAP - TV...

Answered: 1 week ago

Question

★★★★★

Explain how you would decide to use an indirect or a direct plan for development of content for a negative message. (Objective 2)

Answered: 1 week ago

Question

★★★★★

Condolence.Two nights ago, fire severely damaged the office of Case Travel, which is located one block south of your bookstore.You and Joy Case, who owns the agency, were high school classmates. In...

Answered: 1 week ago

Question

★★★★★

Congratulations. You and Jerry Bydalek were finalists for a management position in your organization. Today, you learned that Jerry was selected. Prepare the message youll write on a congratulatory...

Answered: 1 week ago

Previous Question Next Question