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Can someone please tell me what I am doing wrong on the market to book ratio. Please note that the answer 2.57 is wrong. You
Can someone please tell me what I am doing wrong on the market to book ratio. Please note that the answer 2.57 is wrong.
You are considering an investment in Roxie's Bed & Breakfast Corp. During the last year, the firm's income statement listed an addition to retained earnings of $4.8 million and common stock dividends of $2.2 million. Roxie's year-end balance sheet shows common stockholders' equity of $35 million with 10 million shares of common stock outstanding. The common stock's market price per share was $9.00 What is Roxie's Bed & Breakfast's book value per share? (Round your answer to 2 decimal places.) Answer is complete and correct. Book value per share 3.50 What is Roxie's Bed & Breakfast's earnings per share? (Round your answer to 2 decimal places.) Answer is complete and correct. Earnings per share $ 0.70 Calculate the market-to-book ratio. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct Market-to-book ratio 2.57 X times Calculate the price-earnings ratio. (Round your answer to 2 decimal places.) Answer is complete and correct. Price-earnings ratio 1286timesStep by Step Solution
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