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An analyst is reviewing a company that prepares its financial statements according to US GAAP.The analyst will consider the ratio of price-to-market value more appropriate

An analyst is reviewing a company that prepares its financial statements according to US GAAP.The analyst will consider the ratio of price-to-market value more appropriate than the ratio of price-to-book value if the company has:

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a history of developing its own patents.

plans to make substantial capital expenditures.

grown primarily through acquisitions.

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