Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 05, 2024

Calculate the Price-to-Book (P/B) Ratio for Berkshire Hathaway Inc. as of December 31, 2023. The company's stock price was $400,000 per share, and its book

Calculate the Price-to-Book (P/B) Ratio for Berkshire Hathaway Inc. as of December 31, 2023. The company's stock price was $400,000 per share, and its book value per share was $300,000. Use the formula: P/B Ratio = Stock Price / Book Value per Share.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

9th Edition

1337614689, 1337614688, 9781337668262, 978-1337614689

More Books

Students also viewed these Accounting questions

Question

★★★★★

An artist wishes to construct a birds and bees mobile, as shown in Fig. 8.40. If the mass of the bee on the lower left is 0.10 kg and each vertical support string has a length of 30 cm, what are the...

Answered: 1 week ago

Question

★★★★★

Evaluate each definite integral. In 2 tanh x dx

Answered: 1 week ago

Question

★★★★★

b. Who is the program director?

Answered: 1 week ago

Question

★★★★★

Worldwide Publishing completed the following transactions for one subscriber during 2012: Oct 1 Sold a one-year subscription, collecting cash of $2,400, plus sales tax of 9%. Nov 15 Remitted (paid)...

Answered: 1 week ago

Question

★★★★★

Why is project financial evaluation important? Optimal use of resources Opportunity costs Benefits vs cost Long term business value All of the above

Answered: 1 week ago

Question

★★★★★

Kathy Hutton, chief executive officer of Summit Distributors, was concerned with the poor economic outlook for the coming year. Continued deterioration of the economy could place the future viability...

Answered: 1 week ago

Question

★★★★★

The _ _ _ _ _ _ _ _ _ _ type of external devices suitable for communicating with the computer user. Group of answer choices human readable communication application machine readable

Answered: 1 week ago

Question

★★★★★

Problems 1.On 8.23.17, the night before the Powerball lottery results were announced, a man posted ( and then deleted) the following Tweet: "If I win, 10 people who RT this tweet will get $1,000,000...

Answered: 1 week ago

Question

★★★★★

Abigail has three children - Ben who is a toddler aged 2, Marie who is aged 8, and a 15 year old named Josh. Abigail lives in a deteriorating two bedroom apartment in a crime ridden part of town. She...

Answered: 1 week ago

Question

★★★★★

As part of its internal analysis, an HR manager at a consumer products firm is asked to prepare a forecast for the supply of product managers over the next year. Which of these techniques would...

Answered: 1 week ago

Question

★★★★★

Huntington Boards manufactures two models of surfboards, Basic and Competition, in a facility in Southern California. In fabrication, machine setup costs are driven by the number of setups, machine...

Answered: 1 week ago

Question

★★★★★

Mary Ann bought a new computer for $2,000 and financed the entire purchase price at a nominal rate of interest payable 12 times per year at 9% per annum. She repaid her loan in 4 years with 48 equal...

Answered: 1 week ago

Question

★★★★★

( 1 0 1 1 ) 2 radix 1 0

Answered: 1 week ago

Question

★★★★★

Intermediate F Limited has the following budget and actual data: Budget fixed overhead cost Budget production (units) Actual fixed overhead cost Actual production (units) The fixed overhead volume...

Answered: 1 week ago

Question

★★★★★

Intermediate In a period, 11 280 kg of material were used at a total standard cost of 46248. The material usage variance was 492 adverse. What was the standard allowed weight of mat erial for the...

Answered: 1 week ago

Question

★★★★★

Intermediate J Limited operates a standard cost accounting system. The following information has been extracted from its standard cost card and budgets: If it used a standard marginal cost accounting...

Answered: 1 week ago

Previous Question Next Question