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According to the financial statements for Samson Electronics, Inc., the firm has total assets valued at $301 million. It also has total liabilities of $221
According to the financial statements for Samson Electronics, Inc., the firm has total assets valued at $301 million. It also has total liabilities of $221 million. Company records indicate that the firm has issued 4 million shares of stock. (a) Based on the above information, calculate the book value for a share of Samson Electronics. (Round your answer to 2 decimal places.) (b) If a share of Samson Electronics, Inc., currently has a market value of $25 a share, what is the market-to-book ratio? (Round your answer to 2 decimal places.)
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