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Bryan Computer has the following income statement and balance sheet. What is Bryan's market-to-book ratio? 0.95x 1.20x 1.80x 1.91x 2.44x begin{tabular}{|l|r|} hline Sales & 1,200,000
Bryan Computer has the following income statement and balance sheet.
What is Bryan's market-to-book ratio? 0.95x 1.20x 1.80x 1.91x 2.44x
\begin{tabular}{|l|r|} \hline Sales & 1,200,000 \\ \hline Cost of goods sold & 750,000 \\ \hline Selling, general \& admin expenses & 185,000 \\ \hline Depreciation & 56,000 \\ \hline Interest expense & 14,000 \\ \hline Taxes (30\%) & 58,500 \\ \hline Net income & 136,500 \\ \hline & \\ \hline Cash & 60,000 \\ \hline Receivables & 90,000 \\ \hline Inventory & 150,000 \\ \hline Net fixed assets & 480,000 \\ \hline Total Assets & 780,000 \\ \hline Accounts payable & 55,000 \\ \hline Other current liabilities & 40,000 \\ \hline Notes payable & 15,000 \\ \hline Long-term debt & 115,000 \\ \hline Total Equity & 555,000 \\ \hline Total Liabilities \& Equity & 780,000 \\ \hline & \\ \hline Earnings per share & 1.25 \\ \hline Price per share & 26.50 \\ \hline Shares outstanding & 40,000 \\ \hline \end{tabular}Step by Step Solution
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