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accounting Problem 3-9 Market Value Ratios (LG3.5) You are considering an investment in Roxies Bed & Breakfast Corp. During the last year, the firm's income
accounting
Problem 3-9 Market Value Ratios (LG3.5) You are considering an investment in Roxies Bed \& Breakfast Corp. During the last year, the firm's income statement listed an addition to retained earnings of $6.00 million and common stock dividends of $2.40 million. Roxie's year-end balance sheet shows common stockholder's' equity of $37.2 million whin 12 miltion shares of common stock outstanding. The common stock's market price per share was $9.20. What is Roxie's Bed \& Breakfast's book value per share? (Round your answer to 2 decimal places.) What is Roxie's Bed \& Breakfast's earnings per share? (Round your answer to 2 decimal places.) Calculate the market-to-book ratio. (Do not round intermediate calculations; Round your answer to 2 decimal places.) Calculate the price-earnings ratio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Step by Step Solution
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