Question
At year-end 2002, Yung.com had notes payable of $1200, accounts payable of $2400, and long-term debt of $2000. Corresponding entries for 2003 are $1600, $2000,
At year-end 2002, Yung.com had notes payable of $1200, accounts payable of $2400, and long-term debt of $2000. Corresponding entries for 2003 are $1600, $2000, and $3000. Asset values are below. During 2003, Yung.com had sales of $8000, cost of goods sold of $400, depreciation of $100, and interest paid of $150. The (average) tax rate is 21% and all taxes are paid currently. The company has 100 shares of common stock outstanding with a stock price of $15 at the end of 2003. Total dividends paid is $120 in 2003.
Current Asset | 2002 | 2003 |
Cash | $400 | $300 |
Marketable securities | 400 | 300 |
Accounts receivable | 900 | 800 |
Inventory | 1800 | 2000 |
Fixed Assets | ||
Net Fixed Asset (Plant&Equipment) | $4000 | $6000 |
In 2003, the Market-value-to-Book-value ratio is _%
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